BAA Limited facts for kids
| Private | |
| Industry | Transport |
| Founded | 13 December 1985 (as BAA PLC) |
| Headquarters | Compass Centre London Heathrow Airport London, United Kingdom |
|
Key people
|
Colin Matthews (CEO) Sir Nigel Rudd (Chairman) |
| Products | Airport operations and services |
| Revenue | £2,567 million (2008) |
|
Operating income
|
£434.7 million (2008) |
| Owner | Groupo Ferrovial |
|
Number of employees
|
13,000 approx. (2008) |
| Parent | FGP TopCo Limited |
BAA Ltd. is a Spanish company who operates six British airports (including Heathrow Airport) and Naples Airport in Italy, making the company one of the largest transport companies in the world. BAA comes from British Airports Authority and is owned by a group led by Grupo Ferrovial, a Spanish firm specialising in infrastructure. The company's head office is in The Compass Centre on the grounds of London Heathrow Airport in the London Borough of Hillingdon.
BAA makes money from charging landing fees to airlines and from areas such as retail and property. BAA does not operate all UK airports - most are in the ownership of local authorities or other corporations.
BAA was once a listed on the FTSE 100 Index but is now owned by FGP TopCo Limited, an international group, which includes Caisse de dépôt et placement du Québec and GIC Special Investments, that is led by the Spanish Ferrovial Group.
Images for kids
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Heathrow Airport accounts for 95% of the company's business
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The Compass Centre, when it was a British Airways facility
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