Manchester Airports to Bid for Stansted Airport, Times Says

Manchester Airports Group is preparing to bid for Stansted Airport, the Sunday Times reported, without saying where it obtained the information.

Stansted Airport is expected to be put up for sale by its owner BAA Airports Ltd. later this year, the newspaper said. A successful bid by Manchester is necessary to close a deal with Industry Funds Management Pty., which may buy a stake in Manchester, the Times said.

To contact the reporter on this story: Makiko Kitamura in London at mkitamura1@bloomberg.net

To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net