Time to break up the BAA

Ryanair Holdings PLC 28 April 2008 BAA INTERFERES IN COMPETITION COMMISSION INQUIRY TIME TO BREAK UP THE BAA MONOPOLY Ryanair, Europe's largest low fares airline today (Monday, 28th April 2008) responded to news that the BAA monopoly was caught trying to influence the Competition Commission's inquiry into the BAA's expansion plans at Stansted Airport. The Competition Commission confirmed to the Sunday Times and the Financial Times that the BAA had attempted to interfere in its appointment process to engage a consultant to report on the airport monopoly. Ryanair has complained for years that the BAA monopoly is guilty of playing the regulatory system in order to increase charges at its monopoly airports so it comes as no surprise that the BAA has interfered in the Competition Commission's inquiry into its airport monopoly. At Stansted airport for example, users are unanimously opposed to the BAA monopoly's £4bn proposed expenditure on a second terminal and runway when it could and should be built for less than one quarter the price. The BAA Monopoly is simply gold plating this facility so that it can double airport charges. Instead of protecting the interests of airport users as it is legally obliged to do, the CAA regulator is simply rubber stamping the BAA's waste and monopoly price hikes. Speaking today, Ryanair's Head of Regulatory Affairs, Jim Callaghan said: 'The news that the BAA monopoly was caught interfering in the Competition Commission's inquiry comes as no surprise to Ryanair. The BAA has a long history of abusing its monopoly position and has for years successfully exploited its historical relationship with the CAA, which is supposed to regulate this airport monopoly. The result for passengers who pay exorbitant prices while stuck in queues, using facilities that arrive years late and don't work has been disastrous. 'Ryanair welcomes the Competition Commission's inquiry into the BAA monopoly and again calls on the Government to break it up to allow competition to work where the BAA monopoly and regulation by the CAA have clearly failed'. Ends Monday, 28th April 2008 For further information: Peter Sherrard - Ryanair Pauline McAlester - Murray Consultants Tel: 00 353 1 812 1598 Tel: 00 353 1 4980 300 This information is provided by RNS The company news service from the London Stock Exchange
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