BAA Limited : Ask Biography

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BAA Ltd. is the Spanish-owned operator of six British airports (including Heathrow Airport) and Naples Airport in Italy, making the company one of the largest transport companies in the world. BAA stems from British Airports Authority and it is owned by a consortium led by Grupo Ferrovial, a Spanish firm specialising in infrastructure. The company's head office is located in The Compass Centre on the grounds of London Heathrow Airport in the London Borough of Hillingdon.

BAA makes money from charging landing fees to airlines and increasingly from ancillary operations within those airports such as retail and property. BAA does not operate all UK airports - most are in the ownership of local authorities or other corporations.

BAA was once a constituent of the FTSE 100 Index but is now owned by ADI Limited, an international consortium, which includes Caisse de dépôt et placement du Québec and GIC Special Investments, that is led by the Spanish Ferrovial Group.