| Journal: TWUK | Section: |
| Title: | Issue Date: 12/06/00 |
| Author: | Page Number: 4 |
| Copyright: Other |
Eurotunnel faces High Court action over BAA losses
BAA is seeking £10.3m from Eurotunnel after running up losses from managing the cross-Channel operator’s retail business.Heathrow’s owner is also seeking the end of its 15-year retail contract with Eurotunnel.
BAA claims Eurotunnel misrepresented the deal from when it was agreed last July. Eurotunnel has vowed to fight the High Court action and start a counter-claim for damages. BAA took over the Eurotunnel retail contract just after duty-free sales stopped. In response, Eurotunnel raised fares which contributed to a fall in passengers.