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.
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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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."
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Regulator moves to protect access to cash amid branch closures and disappearing ATMs
News The Financial Conduct Authority has told banks to start assessing if local communities have adequate cash access from mid-September
By Marc Shoffman Published
-
VAT hike on private school fees could come earlier than previously expected
The government could start charging VAT on private school fees as soon as January 2025, according to the latest reports. What does it mean for parents?
By Katie Williams Published