Airport operator BAA Ltd. won its appeal Monday against a U.K. government ruling that it must sell three of its airports, successfully arguing that a conflict of interest had biased the investigation into its business.
Britain's Competition Commission ruled in March that BAA, which had a monopoly on London's main airports, should sell off three of the seven facilities it owns across Britain, including London's Gatwick and Stansted. But BAA argued that one of the members of the commission had been biased against by virtue of his work for the Greater Manchester Pension Fund, which is linked to the Manchester Airport Group _ a potential buyer for the airports BAA would …
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