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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