August 23, 2012, - 12:36 pm
When I saw the story, last week, that the Muslim emirate of Qatar’s sovereign wealth fund was buying into ownership of the UK’s major airports, I was reminded of President Bush’s attempt to quietly transfer control of America’s major ports to Dubai’s sovereign wealth fund. Fortunately, outrage ensued and President Bush was forced to cancel the deal, despite loud defenders in Rush Limbaugh and other misguided conservatives (who supported it for ridiculous partisan reasons–to oppose Democrats and unions and stand up for that fool, George W. Bush).
On the other hand, my view is that most of England is already bought up and controlled by Muslims. Federal Air Marshals I know tell me that they wonder how safe flights from Heathrow are when they see that many of the employees and a good deal of the passengers there are devout Muslims in full faux-modesty regalia. The deal, in which Qatar bought 20% of BAA–the company that runs Heathrow, Europe’s busiest airport, as well as other major UK airports–is scary, but only a little more scary than any of the other deals in which a Saudi Prince, Al-Waleed Bin Talal–controls a good deal of a large bank, Citi, and so on. The security at Heathrow is already lax, as a number of those with terrorist ties are regularly allowed to fly from the airport to various points elsewhere, and Muslims run the show there. What’s frightening is that Qataris in control will have access to information regarding what little airport security there is and how to get around it. As I’ve noted before, Air Marshals tell me that often airlines refuse to inform the TSA of passenger manifests until U.S.-bound planes are in mid-air. That’s already the case. Don’t expect that to change under Qatari rule of Heathrow.
In any event, it’s not a good thing. We know that the Gulf States made it easier for Al-Qaeda’s hijackers to carry out the 9/11 attacks. And Qatar is home to Al-Jazeera, where the Qatari royal family finances propaganda for anti-Western Islamic terrorists to the Muslim world. Turning over the West’s infrastructure and safety and security to this nation is a giant misstep, one of many that will lead to the end of the West and Western freedoms in future generations. The sale is simply jihad by firesale.
Qatar Holding LLC, the investment arm of the Middle East country’s sovereign-wealth fund, agreed to pay 900 million pounds ($1.4 billion) for a 20 percent stake in BAA Ltd., which owns London’s Heathrow airport, Europe’s busiest hub.
Qatar Holding will acquire a 10.62 percent stake in FGP Topco Ltd., BAA’s parent company, from Ferrovial SA (FER) for 478 million pounds, the Spanish infrastructure company said in a statement today. Qatar Holding also agreed to buy a 5.63 percent stake from Britannia Airport Partners and 3.75 percent from GIC Special Investments Pte Ltd., according to the statement.
“The sale of this stake in BAA is part of Ferrovial’s strategy of establishing a market valuation of our assets and improving the structure of our investment portfolio,” Ferrovial Chief Executive Officer Inigo Meiras said in the statement.
Qatar uses wealth accumulated from the world’s third- largest gas reserves to acquire regional and European assets. Qatar Holding bought Harrods Ltd. in 2010, and the sovereign wealth fund has taken an 11.6 percent stake in Swiss miner Xstrata Plc. (XTA)
The deal is pending regulatory approval and is expected to be closed by year end, Ferrovial said. The transaction will help the Madrid-based company boost liquidity and gain “flexibility to undertake investments in infrastructure and services projects,” it said. Barclays Plc advised Qatar on the deal, a spokesman for the London-based bank said via e-mail.
As I always say, remember the good old days . . . when the Japanese owned everything.
Tags: BAA, Britannia Airport Partners, Ferrovial SA, FGP Topco Ltd., GIC Special Investments Pte Ltd., Heathrow, Heathrow Airport, Inigo Meiras, Islam, Jihad, jihad by firesale, London Heathrow, London Heathrow Airport, Qatar, Qatar Holding, Qatar Holding LLC, Qatar sovereign wealth fund