The sale of a business can have a wide-reaching impact on the local economy; it isn't just the company changing hands that is affected.
Take the recent case of Stansted Airport, which airport operator BAA has put on the market in the last week following a long-running legal battle regarding competition rights.
The business sale will provide the opportunity for another operator to guide Stansted in a new direction. Airlines are hoping that they will benefit from reduced runway fees, consumers are holding out for fairer prices and the government is keen to increase competition between airports in the South East of England.
But while these groups should all see a direct benefit from the sale if the new buyer proves successful, local businesses in the area are also expecting to gain.
Terry Farthing, managing director of local company Airport Lettings, told Cambridge News that the sale was the “right decision for business and the right decision for the local economy”. He added: “Businesses large and small, in and around the airport will welcome the news. There has been uncertainty for a number of years on who, and more importantly when, the airport would be sold. Businesses like mine and others I work with were looking for much needed clarification. That is what we have got.”
With around 12,000 staff coming in and out of the airport everyday, there is a large customer base for local businesses to draw on. Mr Farthing noted that it will be “good to have some fresh faces around who we hope will want to work closely with local business for the good of everyone in the area”.
It seems BAA's decision to sell has been welcomed across the board with airlines noting that Stansted has seen an increase in prices and a decline in traffic over the past few years. It is hoped that the sale will help to turn this trend around, leading to, as Stephen McNamara of Ryanair states, “more competition, lower passenger charges, improved passenger services and the roll out of additional and much needed traffic growth at competitive prices”. 
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