Ryanair may bid for Stanstead airport

Budget airline Ryanair is considering whether or not to bid for a 25 per cent stake in UK airport Stanstead, which would mark its first purchase of its kind for the group.

The firm's interest first came to light in July when its Chief Executive Officer (CEO) revealed it was willing to make a "modest commitment" to the Essex airport.

Following three years of heated discussions with the UK Competition Commission, BAA announced on Monday that it would end its legal battle and agreed to sell Stanstead.

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Ryanair has held meetings with a number of other firms, funds and buyers considering making a joint bid for the airport.

Ryanair's Head of Communications, Stephen McNamara, said the company is "still interested" in take a stake in the airport, and has a long-term strategy for potential growth.

"The sale of Stansted into separate ownership will lead to more competition, lower passenger charges, improved passenger services and the roll out of additional and much needed traffic growth at competitive prices at Stansted," he added.

Speaking last month, CEO Miller said: "Stansted is the only place in London where another runway can be built. It makes more sense to have it at Heathrow, but Stansted is the only place with capacity and we want a 25 per cent stake."