Heathrow Airport Holdings Limited
Heathrow Airport Holdings Ltd., formerly BAA Limited, is the Spanish-owned operator of five British airports (including Heathrow Airport) and Naples Airport in Italy, making the company one of the largest transport companies in the world. Formerly known as BAA, the company resulted from the privatisation of the British Airports Authority and is now owned by a consortium led by Ferrovial, a Spanish firm specialising in the design, construction, financing, operation and maintenance of transport, urban and services infrastructure. 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. It owns and operates four airports within the UK. Even under the name BAA, it did not operate all UK airports as most are in the ownership of local authorities or other corporations.
As BAA plc, the company was once a constituent of the FTSE 100 Index but is now owned by FGP TopCo Limited, an international consortium led by Ferrovial, which includes Caisse de dépôt et placement du Québec, which manages public pension plans in the Canadian province of Quebec, and GIC Special Investments, a sovereign wealth fund established by the Government of Singapore in 1981 to manage Singapore's foreign reserves.
Read more about Heathrow Airport Holdings Limited: History, Corporate Affairs
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