Heathrow Airport Holdings, formerly BAA, has agreed to sell its entire stake in Stansted Airport to Manchester Airports Group. The deal has been agreed at £1.5bn and is expected to close next month. Colin Matthews, CEO of Heathrow, said: "Stansted Airport and its people have been part of our company for a long time. It has been named by passengers as ‘the world’s best airport for low-cost airlines’ for two consecutive years at the Skytrax World Airport Awards, and we are proud of its achievements. We wish the new owners every success and are confident the airport will continue to flourish. We will continue to focus on improving Heathrow, Glasgow, Aberdeen and Southampton airports.” Heathrow Holdings had been forced to sell Stansted under a ruling by the Competition Commission. It will continue to own Heathrow, Aberdeen, Glasgow and Southampton airports. Stansted Airport is London’s third-busiest airport and the UK’s fourth-busiest airport. It serves approximately 17.5 million passengers and 131,400 flights every year through 14 airlines.