Heathrow Airport Holdings
Company based in the United Kingdom / From Wikipedia, the free encyclopedia
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Heathrow Airport Holdings is a company that operates and manages Heathrow Airport based in London, England. It was formed by the privatisation of the British Airports Authority as BAA plc[2] as part of Margaret Thatcher's privatisation of government-owned assets, and was once a constituent of the FTSE 100 Index.
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Company type | Private |
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Industry | Transport |
Founded | 13 December 1985; 38 years ago (1985-12-13) (as BAA plc) |
Headquarters | Compass Centre London, England, UK |
Key people | Thomas Woldbye (CEO) Lord Paul Deighton (Chairman)[1] |
Products | Airport operations and services |
Revenue | £3,687 million (2023)[1] |
£1,707 million (2023)[1] | |
£527 million (2023)[1] | |
Number of employees | 7,626 (2023)[1] |
Parent | FGP Topco Ltd. |
Subsidiaries | Heathrow Airport Heathrow Express |
Website | www![]() |
BAA plc was bought in 2006 by a consortium led by Ferrovial, a Spanish firm specialising in the design, construction, financing, operation and maintenance of transport, urban and services infrastructure. In March 2009, the company was eventually required to sell Gatwick and Stansted airports. Eventually, over the following years BAA sold all its airports other than Heathrow. The company was renamed Heathrow Airport Holdings in 2012 to reflect its main business.
The company's head office is in the Compass Centre, on the grounds of Heathrow Airport in the London Borough of Hillingdon. The company makes money from charging landing fees and departing passenger levies to airlines, and from ancillary operations within those airports such as retail, car parking and property.