::::Jim Mason::::
2006-06-30 21:33:32 UTC
RYANAIR WELCOMES OFT PROBE INTO BAA MONOPOLY AIRPORTS
News Release
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30.06.06
RYANAIR WELCOMES OFT PROBE INTO BAA MONOPOLY AIRPORTS
Ryanair, Britain?s favourite airline, today (Friday, 30th June 2006)
welcomed the UK Office of Fair Trading?s (OFT) statement that it has now
launched a probe into the UK airports market with a view to establishing
whether the current structure works well for consumers. Ryanair and other
airlines have long called for the break up of this inefficient gold-
plating, over-charging monopoly, which is clearly not acting in the
interest of passengers or customer airlines.
Ryanair also welcomed the statement of OFT Chairman, John Fingleton who
said that, ?greater competition between airlines over the past decade has
led to wider choice for air travellers and lower fares? and that it is now
time to ?explore the potential for greater competition within the airport
industry.?
Speaking this morning following the OFT?s statement, Jim Callaghan,
Ryanair?s Head of Regulatory Affairs said:
?We warmly welcome the OFT?s investigation of the BAA airport monopoly.
Ryanair has long called for the break up of the BAA monopoly, which has
dominated the London market since its privatisation wasting money and
gouging passengers along the way. Recent developments at Stansted yet
again prove this, where the BAA is insisting on spending £4 billion on gold
plated facilities while at the same time increasing airport charges and
fares to UK consumers. The fact that the BAA monopoly has spent over £25
million on ?consultants fees? to design this Taj Mahal without producing
even one page of a report to justify it clearly demonstrates that something
is seriously wrong. BAA?s offer of a sweetener of £750m to its
shareholders to reject Ferrovial?s bid, also clearly proves that this
monopoly has been overcharging passengers and feathering its own nest.
?As the OFT Chairman noted, competition in air transport has brought huge
benefits for consumers - monopolies like BAA just rip them off. We hope
that the OFT will call for the break-up of this abusive monopoly in the
interests of competition, lower airport charges and consumer choice?
News Release
---------------------------------------------------------------------------
-----
30.06.06
RYANAIR WELCOMES OFT PROBE INTO BAA MONOPOLY AIRPORTS
Ryanair, Britain?s favourite airline, today (Friday, 30th June 2006)
welcomed the UK Office of Fair Trading?s (OFT) statement that it has now
launched a probe into the UK airports market with a view to establishing
whether the current structure works well for consumers. Ryanair and other
airlines have long called for the break up of this inefficient gold-
plating, over-charging monopoly, which is clearly not acting in the
interest of passengers or customer airlines.
Ryanair also welcomed the statement of OFT Chairman, John Fingleton who
said that, ?greater competition between airlines over the past decade has
led to wider choice for air travellers and lower fares? and that it is now
time to ?explore the potential for greater competition within the airport
industry.?
Speaking this morning following the OFT?s statement, Jim Callaghan,
Ryanair?s Head of Regulatory Affairs said:
?We warmly welcome the OFT?s investigation of the BAA airport monopoly.
Ryanair has long called for the break up of the BAA monopoly, which has
dominated the London market since its privatisation wasting money and
gouging passengers along the way. Recent developments at Stansted yet
again prove this, where the BAA is insisting on spending £4 billion on gold
plated facilities while at the same time increasing airport charges and
fares to UK consumers. The fact that the BAA monopoly has spent over £25
million on ?consultants fees? to design this Taj Mahal without producing
even one page of a report to justify it clearly demonstrates that something
is seriously wrong. BAA?s offer of a sweetener of £750m to its
shareholders to reject Ferrovial?s bid, also clearly proves that this
monopoly has been overcharging passengers and feathering its own nest.
?As the OFT Chairman noted, competition in air transport has brought huge
benefits for consumers - monopolies like BAA just rip them off. We hope
that the OFT will call for the break-up of this abusive monopoly in the
interests of competition, lower airport charges and consumer choice?
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