type private company industry transport founded 13 december 1985 as baa plc headquarters compass centre london heathrow airport hounslow united kingdom key people john holland kaye ceo lord deighton chairman products airport operations and services revenue 2 567 million 2008 operating income 434.7 million 2008 owner fgp topco limited number of employees 13 000 approx . 2008 subsidiaries london heathrow airport website www.heathrow.com company heathrow airport holdings limited formerly baa 1 is the united kingdom based operator of london heathrow airport . the company was formed by the privatisation of the british airports authority as baa plc and was once a constituent of the ftse 100 index . the company also operated gatwick and stansted airports and several other uk airports . baa plc was bought in 2006 by a consortium led by ferrovial a spanish firm specialising in the design construction financing operation and maintenance of transport urban and services infrastructure . in march 2009 the company was required to sell gatwick and stansted airports and over the following years sold all its airports other than heathrow . the company was renamed heathrow airport holdings in 2012 to reflect its main business . the company s head office is located in the compass centre on the grounds of london heathrow airport in the london borough of hillingdon . the company makes money from charging landing fees to airlines and increasingly from ancillary operations within those airports such as retail and property . contents 1 history 1.1 british airports authority 1.2 international operations 1.3 competition concerns 1.4 recent developments 2 corporate affairs 2.1 ownership 2.2 head office 2.3 flying matters 3 current operations 3.1 owned and operated 3.2 rail owner management 4 previous operations 4.1 previously owned and operated 4.2 previously managed 5 controversies 5.1 heathrow management 5.2 heathrow protest injunction 5.3 general aviation 6 see also 7 references 8 external links history edit heathrow airport accounts for 95 % of the company s business british airports authority edit the british airports authority was established by the passing of airport authority act 1965 to take responsibility for three state owned airports london heathrow airport london gatwick airport and london stansted airport now owned by the manchester airports group . in the following few years the authority acquired responsibility for glasgow international airport edinburgh airport southampton airport and aberdeen airport . the authority took on the ministry of civil aviation constabulary in 1966 which was renamed to become the british airports authority constabulary and was disbanded between 1974 and 1975 . as part of margaret thatcher s moves to privatise government owned assets the airports act 1986 was passed which mandated the creation of baa plc as a vehicle by which stock market funds could be raised . the initial capitalisation of baa plc was 1 225 million . in the early 1990s the company sold prestwick international airport now known as glasgow prestwick airport . international operations edit in december 2005 baa made a winning bid of 1.2 billion for a 75 % stake in budapest ferihegy international airport the largest airport in hungary which was being privatised by the hungarian government . in july 2006 baa was taken over by a consortium led by ferrovial following a bid which valued the company at 10.1 billion 20 billion . 2 as a result the company was delisted from the london stock exchange where it had previously been part of the ftse 100 index on 15 august 2006 . following the take over the decision was made to sell the stake in ferihegy and this was completed in june 2007 when a consortium led by hochtief airport of germany purchased the stake . 3 baa expanded into international operations including retail contracts at boston logan international airport and baltimore washington international thurgood marshall airport through its subsidiary baa usa inc. and a management contract with the city of indianapolis to run the indianapolis international airport as baa indianapolis inc. before ultimately selling off its us division to prospect capital corporation in july 2010 . 4 competition concerns edit wikinews has related news uk s baa forced to sell three airports after an inquiry from august 2008 march 2009 5 the uk competition commission announced that baa would be required to sell three of the seven uk airports it owned at the time . these were gatwick stansted and either glasgow or edinburgh airports within two years over fears the monopoly position held by baa over london and scotland s airports could have adverse effects for both passengers and airlines . the sales were forecast to raise between 3.5 bn and 4bn . 6 baa announced plans to sell gatwick airport on 17 september 2008 . at that time gatwick airport was valued at 1.8 bn by regulators and it appeared that multiple firms including macquarie group manchester airports group fraport and virgin atlantic were interested in this sale either on their own or as part of a consortium of companies . 7 ferrovial and its partners government of singapore investment corporation and quebec s state pension fund had been seeking 1.8 bn 2bn when they opened the bidding process . 8 eventually the sale was confirmed on 21 october 2009 and formally completed on 3 december 2009 for a fee of 1.51 billion . this was almost 25 per cent less than baa had expected gatwick would fetch when the sale was announced a year previously . 9 baa sold the airport to global infrastructure partners the fund backed by credit suisse and general electric who also operate london city airport . ferrovial the majority holder in baa said that it expected to make a capital loss of around 142 million euros us 212.6 million against its consolidated earnings following the sale . 10 on 19 october 2011 baa announced that edinburgh airport would be put up for sale in early 2012 with an aim to handing over the running of the site to a new owner by summer 2012 . 11 numerous groups were reported to have expressed interest including a consortium of scottish businesses headed by former edinburgh airport manager and fraport the owners of frankfurt airport germany . the airport was sold to global infrastructure partners in 2012 . on 18 january 2013 heathrow airport holdings limited announced the sale of stansted to the manchester airports group a holding company owned by the 10 borough councils of greater manchester . recent developments edit in may 2014 heathrow airport holdings announced the appointment of john holland kaye current development director as chief executive officer succeeding colin matthews on 1 july 2014 . 12 the company agreed on 16 october 2014 to sell glasgow southampton and aberdeen airports to ags airports ltd a consortium of ferrovial and macquarie group for 1 billion to focus solely on heathrow . 13 corporate affairs edit the baa logo introduced in 1986 as baa the company was adamant that its name did not officially stand for anything . it was still widely albeit erroneously referred to as the british airports authority by both the media and the public even though the authority was dissolved following the 1986 privatisation . 14 the company s former logo composed of three green triangles was created by john lloyd and jim northover of the design consultancy lloyd northover at the time of the privatisation in 1986 . the original baa plc was acquired in 2006 by airport development and investment limited adi a new company formed by the ferrovial consortium . in october 2008 adi changed its name to baa limited 15 and on 15 october 2012 the company announced that it had changed its name to heathrow airport holdings . colin matthews chief executive of the company said that given the reduction in the number of airports owned by the company the baa name was no longer appropriate ; after the sale of stansted heathrow airport would account for 95 % of the company s business . each remaining airport owned by the company has reverted to operating under its own name rather than the baa banner . 16 as a major client of the uk construction industry it is a member of the construction clients group which represents client views to the government s strategic forum for construction . ownership edit owner shares 17 ferrovial 25 % qatar holding 20 % caisse de d p t et placement du qu bec 12.62 % government of singapore investment corporation 11.20 % alinda capital partners 11.18 % china investment corporation 10 % universities superannuation scheme 10 % head office edit the compass centre when it was a british airways facility the company s head office is located in the compass centre on the grounds of london heathrow airport in hounslow . 18 the compass centre previously served as a british airways flight crew centre . 19 when london heathrow terminal 5 opened on 27 march 2008 british airways staff including crew check in staff relocated from the compass centre to terminal 5 . 20 the original baa plc s head office was located near london victoria station in the city of westminster london . 21 flying matters edit baa was a founding member of flying matters 22 a coalition of business groups trade unions tourism groups and the aviation industry airports airlines aerospace manufacturers and air traffic control 23 launched in june 2007 24 to balance the argument around issues of aviation and climate change arguing that aviation does not contribute significantly to climate change and that an expansion of aviation will aid the developing world benefit social justice and is essential for uk tourism and for the uk economy . the group was dissolved in april 2011 after several members including baa left the coalition . 25 current operations edit owned and operated edit heathrow heathrow airport holdings uk airport london heathrow airport rail owner management edit heathrow express owns and operates . heathrow connect joint operation with great western railway gwr . previous operations edit previously owned and operated edit aberdeen airport sold in december 2014 to ags airports ltd glasgow airport sold in december 2014 to ags airports ltd southampton airport sold in december 2014 to ags airports ltd london stansted airport sold in february 2013 to manchester airports group 26 edinburgh airport sold in april 2012 to global infrastructure partners naples international airport 65 % stake sold in 2010 london gatwick airport sold in december 2009 to global infrastructure partners 8 9 glasgow prestwick airport sold in 1992 previously managed edit baltimore washington international airport boston logan international airport indianapolis international airport pittsburgh international airport sir seewoosagur ramgoolam international airport 27 controversies edit heathrow management edit the company has garnered criticism for its handling of heathrow namely its predominant placement of shops rather than extra security aisles . 2 after much criticism for this baa removed some shops to provide extra security lanes . the economist writes that retail is important for baa at heathrow because by law landing charges are much less than those of similar scope airports and shops help make up the difference . 2 baa has been accused of under investing in snow and ice fighting technology at heathrow which led to runway closures and severe delays in december 2010 . 28 heathrow protest injunction edit in july 2007 baa sought an injunction preventing potential protesters involved in the camp for climate action from approaching its london heathrow airport . the injunction specifically targeted anyone belonging to or protesting in the name of airportwatch the no third runway action group and plane stupid . however airport watch members included friends of the earth greenpeace the campaign to protect rural england the world development movement the national trust and the royal society for the protection of birds all of whom were caught by what became known as the mother of all injunctions . 29 baa denied seeking a blanket ban on airport protest . in the end baa won a very