Heathrow Airport Holdings - C

Heathrow Airport Holdings - C

Heathrow Airport Holdings Ownership

Owner Shares

Ferrovial 25%
Qatar Investment Authority 20%
Caisse de dépôt et placement du Québec 12.62%
GIC 11.20%
Australian Retirement Trust 11.18%
China Investment Corporation 10%
Universities Superannuation Scheme 10%

Heathrow Airport Holdings Head Office

The company's head office is located in the Compass Centre on the grounds of Heathrow Airport in Hounslow. The Compass Centre previously served as a British Airways flight crew centre. When Heathrow Terminal 5 opened on 27 March 2008, British Airways staff, including crew check-in staff, relocated from the Compass Centre to Terminal 5.

The original BAA plc's head office was located near London Victoria station in the City of Westminster, London.

Heathrow Airport Holdings Flying Matters

BAA was a founding member of Flying Matters, a coalition of business groups, trade unions, tourism groups and the aviation industry (airports, airlines, aerospace manufacturers and air traffic control) launched in June 2007 to "balance the argument around issues of aviation and climate change" arguing that aviation does not contribute significantly to climate change, and that an expansion of aviation will aid the developing world, benefit social justice, and is essential for UK tourism and for the UK economy. The group was dissolved in April 2011 after several members, including BAA, left the coalition.

Expansion of Heathrow Airport

Since 2009 the company has been progressing a plan to build a third runway to expand Heathrow Airport. This requires government approval, and on 5 June 2018 the Cabinet approved the third runway, with a full vote planned for Parliament. The financing of the expansion has yet to be arranged, with Heathrow Airport Holdings' finances already highly leveraged. In 2017 borrowings were £13.4 billion, with shareholders' equity at £0.7 billion.

Heathrow Airport Holdings Current Operations

Heathrow Airport Holdings Owned and Operated

Heathrow Airport
Heathrow Airport Holdings Rail
Heathrow Express (with Great Western Railway)

Heathrow Airport Holdings Previous Operations

Previously Owned and Operated Airports

Aberdeen Airport (sold in December 2014 to AGS Airports).
Edinburgh Airport (sold in April 2012 to Global Infrastructure Partners).
Gatwick Airport (sold in December 2009 to Global Infrastructure Partners).
Glasgow Airport (sold in December 2014 to AGS Airports).
Glasgow Prestwick Airport (sold in 1992).
Naples International Airport 65% stake (sold in 2010).
Southampton Airport (sold in December 2014 to AGS Airports).
Stansted Airport (sold in February 2013 to Manchester Airports Group).

Previously Managed Airports

Baltimore-Washington International Airport (retail only).
Boston Logan International Airport (retail only).
Indianapolis International Airport.
Pittsburgh International Airport (retail only).
Sir Seewoosagur Ramgoolam International Airport.

Heathrow Airport Holdings Rail

Heathrow Connect (joint operation with First Great Western, superseded by TfL Rail in May 2018)

Heathrow Airport Holdings Retail

World Duty Free (previously ran all of BAA's retail operations. Sold in 2008 to Autogrill)

Heathrow Airport Holdings Overview

Heathrow Airport Holdings Type: Private

Heathrow Airport Holdings Industry: Transport

Heathrow Airport Holdings Founded: 13 December 1985, 37 years ago (as BAA plc)

Heathrow Airport Holdings Headquarters: The Compass Centre

Nelson Road

Hounslow

TW6 2GW

Heathrow Airport Holdings Key People: John Holland-Kaye (CEO)

Lord Deighton (Chairman)

Heathrow Airport Holdings Products: Airport operations and services

Heathrow Airport Holdings Revenue: £2,765 million (2015)

Heathrow Airport Holdings Operating Income: £223 million (2015)

Heathrow Airport Holdings Net Income: £169 million (2015)

Heathrow Airport Holdings Owner: FGP Topco Limited

Heathrow Airport Holdings Number of Employees: 6,500 approx. (2016)

Heathrow Airport Holdings Subsidiaries: Heathrow Airport