Heathrow owner BAA has said it intends to sell off Glasgow, Aberdeen and Southampton airports by the end of the year.
Staff were told yesterday of the plans and Spanish-owned BAA issued the following statement through Heathrow Airport Holdings Ltd.
“Over recent months Heathrow Airport Holdings group shareholders and management have been considering their strategic position in relation to our three airports, Aberdeen, Glasgow and Southampton.
“As a result the group is now formally entering a sale process. Whilst there is currently no certainty that a sale will be concluded, the group intends to work towards completing a transaction by the end of the year.”
A Glasgow Airport source told the Daily Record: “The feeling here is that BAA need to raise cash to invest in Heathrow, but they are carrying too much debt.”