Corporate Affairs
As BAA Limited, 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.
The company's 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.
On 15 October 2012, the company announced that it had changed its name to Heathrow Airport Holdings Limited. 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 will account for 95% of the company's business. Each remaining airport owned by the company will revert to a name focussing on that airport's brand.
Read more about this topic: Heathrow Airport Holdings Limited
Famous quotes containing the words corporate and/or affairs:
“Power, in Case’s world, meant corporate power. The zaibatsus, the multinationals ..., had ... attained a kind of immortality. You couldn’t kill a zaibatsu by assassinating a dozen key executives; there were others waiting to step up the ladder; assume the vacated position, access the vast banks of corporate memory.”
—William Gibson (b. 1948)
“I have always thought that one man of tolerable abilities may work great changes, and accomplish great affairs among mankind, if he first forms a good plan, and, cutting off all amusements or other employments that would divert his attention, make the execution of that same plan his sole study and business.”
—Benjamin Franklin (1706–1790)