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State takeover of BAA Heathrow contingency plan

18 May 2009

 

Heathrow Airport could be taken under State control under emergency powers designed to protect passengers from the financial woes of operator BAA.

Transport Secretary Geoff Hoon has drawn up plans to place Heathrow in a “special administration” regime if debt-laden BAA went bust.

The regime would require administrators to continue to operate Heathrow as an airport while its financial affairs were sorted out.

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