LONDON, Aug. 19 (UPI) -- Airport owner BAA Plc is prepared to relinquish control of London's three major airports, the Daily Telegraph reported Saturday.
The company, which owns and operates seven major British airports and operates others worldwide, says it will give up control of London's Heathrow, Gatwick and Stansted airports in exchange for looser government regulations, the newspaper said.
The company, called the British Airports Authority until its 1986 privatization, is being investigated for monopolistic practices. Officials will appear before Britain's Office of Fair Trading next week present its case against being broken up, the newspaper said.
BAA, owned by a Spanish consortium led by the Ferrovial Group of Madrid, also operates Indianapolis International Airport and has retail-management agreements at Baltimore-Washington, Boston Logan and Pittsburgh international airports.
