|Does Regulation work sometimes?|
The CMA has published an evaluation of the decision to break up BAA. Following an investigation completed in 2009, the Competition Commission (CC), one of the Competition and Markets Authority’s (CMA) predecessor bodies, ruled that BAA should be required to sell 3 of its airports to increase competition for the benefit of airlines & passengers.
Subsequently BAA sold Gatwick in 2009, followed by Edinburgh in 2012 and then Stansted in 2013. The CC also made a range of other recommendations including ones on reforming the regulatory regime for airports. The CMA’s detailed analysis, underpinned by an assessment by independent consultants, shows how the airports have responded to being under new & separate management.