I don't think it's ant secret that the BAA would have preferred to keep EDI and sell GLA.
During the last year or so, it became clear that selling EDI would yield more money (a lot more) than selling GLA.
Ferrovial is short of money, in fact they have large debts, so EDI it is.
From a 'creating competition' point of view, this has to be the best outcome. Had GLA been sold instead of EDI, I think there would have been very little extra competition between them as GLA is already competing with PIK (unlike EDI).
As it is, GLA will have to compete directly with EDI while still competing with PIK (although PIK could be a big loser if FR were to move to GLA, for example).
The big gainers here must be the pax and possibly the airlines?
The loser? BAA.
As a weegie, I'd just like to say, 'Yaldy!'
