BAA Limited facts for kids
|When it was created||13 December 1985 (as BAA PLC)|
London Heathrow Airport
London, United Kingdom
|Key people||Colin Matthews (CEO)
Sir Nigel Rudd (Chairman)
|Things made||Airport operations and services|
|Money earned||£2,567 million (2008)|
|Operating income||£434.7 million (2008)|
|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.
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BAA Limited Facts for Kids. Kiddle Encyclopedia.