August 23, 2012, - 12:36 pm

Qatar Buys Great Britain’s Airports – Muslims Now Own London Heathrow

By Debbie Schlussel

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).

islamiccrescent.jpg

Heathrow Now Muslim-Owned

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.

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23 Responses

Jaw-dropping stupidity that nobody in these US or UK governments notices or figures out that they’re trying to buy shipping ports and now airports for nefarious purposes and aren’t just folding them in to their portfolio as if it was just an incidental, casual “investment.”

Thanks Debbie for your excellent reporting on our steady demise.

DS_ROCKS! on August 23, 2012 at 2:20 pm

Everyone is treating it as an investment.

But no foreigner should be allowed to buy or control sensitive industries or assets in a foreign county. Its only common sense, right?

But that’s why Londonistan along with the rest of Europe is being folded into Islam’s embrace. No one can say “no” to wealthy Arabs buying up the West.

And as every one knows, with money comes control and its usually none to the good. As in Heathrow.

NormanF on August 23, 2012 at 2:32 pm

The west certainly has a death wish.

John on August 23, 2012 at 2:34 pm

In the case of the Dubai Ports deal, Rush’s support of it was even more inane considering that the UAE was one of 3 countries that recognized the Taliban before 9/11, and that some of its emirs were buddies w/ Osama.

And Qatar – it is, or was – one of the 2 Wahabi countries in the world. Which is a part of why al Jazeera is al Qaeda’s favorite channel, and was Osama’s chosen chennel to give his interviews.

Japanese owning everything sounds like heaven. Hey, even the Chinese owning everything doesn’t sound so bad.

Infidel on August 23, 2012 at 2:45 pm

    Infidel,

    I just e-mailed Debbie a breaking story about Mohammed Merah, the Islamic terrorist in Toulouse who murdered four Jews, three of them children back in March.

    http://www.bbc.co.uk/news/world-europe-19360803

    Basically, the gist of Le Monde’s story is that his Islamic terrorist connections were wider and more intimate than we knew a couple of months ago. The victims are still dead and nothing is ever going to bring back.

    But Islamic terrorists are not lone wolves and they are part of the larger feral pack called Islam.

    And betcha there will be many more Merahs in the future.

    NormanF on August 23, 2012 at 3:18 pm

    Infidel,

    The Japanese and the Chinese are not committing jihad on the West and they have no interest in changing the way we live.

    Islam does and many people just won’t see it for what it really is. Do you like Prince Waleed Bin Talal’s control of FOX NEWS? This is where the future is headed.

    Hey, we can’t protest against what Debbie rightly calls “fire sale by jihad” cuz that would be Islamophobia.

    Give or take a few generations, we’ll wish the Japanese and the Chinese had bought us out first.

    NormanF on August 23, 2012 at 3:24 pm

Debbie they might as well buy all the UK airports. Muslims are already running the security theater in all of them. A heavily Muslim screener in Gatwick snatched away my contraband Diet Coke a couple of summers ago. Meanwhile the women in burqas were probably smuggling RPG’s.

A1 on August 23, 2012 at 2:54 pm

Yup…. and Mohammed and Hamida are breezing through airport security in Europe and Islamic terrorists are laughing at us!

Londonistan is already good as gone. We’re getting there very slowly but we’ll get there soon enough!

NormanF on August 23, 2012 at 3:27 pm

Thank you Debbie for pointing out this important news item and its significance. The average person would think that 20% control of BAA (the entity now majority controlled by Spain’s Ferrovial, with a 39.4% stake), which owns Heathrow Airport, is not significant. And, indeed, the media has played up on that impression by positing Qatar Holding’s 20% acquisition as “just an investment.” (Qatar Holding is the direct investment arm of Qatar Investment Authority.) Not true!

AQs Debbie has presented it, this stake is significant–and she is absolutely correct, even from a technical accounting perspective, as well as in a practical operational sense.

Although this stake only makes Qatar the third largest shareholder in BAA, and 20% control is typically called a “minority interest,” this deal gives Qatar Holding much more influence than the percentage interest may suggest.

According to Interenational Financial Reporting Standards (“IFRS”) significant influence may be gained through agreement, by statute, or by means of share ownership. Under the provisions of International Accounting Standard (“IAS”) 24, AN ENTITY IS DEEMED TO POSSESS THE ABILITY TO EXERCISE SIGNIFICANT INFLUENCE IF IT DIRECTLY OR INDIRECTLY THROUGH SUBSIDIARIES HOLDS 20% OR MORE OF THE VOTING POWER OF ANOTHER ENTITY (unless it can be clearly demonstrated that despite holding such voting power the investor does not have the ability to exercise significant influence over the investee).

Furthermore, Qatar Holding gets two seats on BAA’s Board of Directors. When you add in that Heathrow is nowhere near as regulated as airports in the United States, airport “security” could easily become little more than a word for passengers.

As the late, great Hollywood prodcuer Samuel Goldwyn used to say, “You can include me out”—when it comes to air travel to Heathrow, if at all possible.

Ralph Adamo on August 23, 2012 at 3:54 pm

    For an awesome presentation of the amoral business viewpoint that doing business with enemies of civilization is a good thing, I can think of nothing better than the speech that Arthur Jensen (actor Ned Beatty) gives to Howard Beale (actor Peter Finch) from the 1976 film, Network. The film is great, not so much for Sidney Lumet’s direction, good as it was, but for its fantastic script, written by legendary screenwriter Paddy Chayevsky, and for the phenomenal acting throughout.

    For the setup to this scene, Howard Beale learns that the Boss of the TV network UBS has died and that CCA, the conglomerate that owns UBS, will be bought out by an even larger Saudi Arabian conglomerate. Beale goes on TV in one his trademark tirades against the deal, encouraging viewers to send telegrams to the White House telling them, “I want the CCA deal stopped now!” Beale’s actions cause the network’s brass to panic because the company’s debt load has made the merger essential for survival. (Ironically, this is sort of the reason that Ferrovial is selling 20% of BAA to Qatar in this current case.) Beale is then told to meet with CCA chairman Arthur Jensen, who explicates his own “corporate cosmology” to a stunned Beale.

    http://www.youtube.com/watch?v=zI5hrcwU7Dk

    Although Beatty, as Jensen, is very convincing in his arguments, and he does go on to effectively persuade Beale to change his entire “vision” to this new “corporate cosmology,” Chayevksy’s script clearly demonstrates that Beale’s willingness to go with Jensen’s amoral business stance is a switch to the dark side.

    They don’t write scripts of this caliber, relevance, or impact anymore.

    Ralph Adamo on August 23, 2012 at 4:32 pm

Deny British Air access to US soil.

As Goes... on August 23, 2012 at 4:05 pm

Qatar is also buying Stansted Airport too.

BAA to sell Stansted Airport to Qatar Holding
http://www.egovmonitor.com/node/53499

K on August 24, 2012 at 1:51 am

Norman, the Japs & Chinese owning things is not a big problem (in the latter case, as long as it doesn’t mean Beijing owning things). But I was thinking about lee Iacocca’s books where he used to complain a lot about the former.

I follow the protectionists vs the free traders arguments that have gone on for ever, but when it comes to the likes of these sheikhs from Sowdi Barbaria, Qatar, Emirates, Kuwait and Bahrein buying up valuable Western assets, it’s a whole different ball game altogether. The previous issue was more of an economic debate as to whether trade deficits help or hurt an economy, whereas this one is about whether Muslims can ultimately get to enslave us by the power of their money. That very thought makes me cringe.

Infidel on August 24, 2012 at 3:46 am

So much for England.

Fred on August 24, 2012 at 8:18 am

After abject poverty, Qatar now have money flowing like water in their laps. They are getting crazy with their new wealth.

Now listen to this too; Our Foolish department of State was encouraging Qatar to lease the Suez Canal for 99 years for the incredible sum of three billion dollars a year. HUH. The Suez Canal brings some seven Billion Dollars a year to Egypt. Who is the stupid ass who would allow such a gangestership to occur. The Copts rose rabble about the deal until it died down. Hopefully to day of ressurection.

I don’t know who is feeding these ideas to these lousy Arabs. May be it Sherazad.

G. R. SWcharoubim on August 24, 2012 at 11:23 am

Let’s think muzzie style.

The reason the muzzs chose British Airlines is to leverage the availability of “gaining” entry into US airspace.

We know why, too.

As Goes... on August 24, 2012 at 11:47 am

In 2006, I attended a military sensor symposium near Orlando. On one of the days, a former Assistant Secretary of Defense, spoke on a book he had written about the then “current Long War,” and what was really at the root- a market breakout with Islam as the symbiotic vehicle with their money. I thought it a bit out of left field, but it has begun to appear that way.
Currently, I have been reading a bookk entitled, “Napoleon’s Egypt.” It’s about what the French attempted to do, and the Egyptian and Ottoman Muslims did during the late 1790’s A.D- their tactics, battles, and business accumen etc. Seems that the more things change, the more they stay the same.
“It’s a giant s*it sandwich, and we’re all gonna hafta take a bite.” Ficticious USMC 2nd LT, “Movie-Full Metal Jacket”

Sick_Boy on August 24, 2012 at 5:22 pm

this is just horrible.

Dave on August 25, 2012 at 2:54 am

Let us also remember that Qatar (along with all the other Arab dictatorships) operate State owned “corporations.” They are NOT capitalists! (that is a shared feature with Communist China — and does anyone believe China would ever side with America in time of a crisis? Of course not — just as China and Russia protect Iran at the UN. So I don’t want to see China or Arab states acquiring vital Western assets.

J.S. on August 27, 2012 at 11:47 am

Have you guys heard yourselves?
The rubbish you guys are typing on here is just pathetic.
Owning a % of a company/organisation does not mean you completley have full control of it.
and especially owning 10/20% would definatley not mean you control the whole company. you would be a mojor shareholder.
If it was not for arabs/chinese/brazilian/japanese money being invested in the west then we would really be in troublesome times.
the amount of jobs and investment that has been pumped inti the west, we should be grateful that they choose to invest the money in our countries.
so pleae go and do some of your own reasearch and maybe you will start seeing the bigger picture rather than reading some crap on random sites which are controlled by some strange people. that is what you should be more worried about. what these people are feeing your and your kids minds with crap that has no facts.

P.S to the person who had their diet coke taken away by security at a aiport… what did you expect you moron?
because you still connot give up drinking somehing that is not good for you and your stupid enough to try and take it onto a plane through security and had it taken from you..
they should have given you a fine also for being so stupid.
so people go do your own research about everything vefore writing absolute rubbish b

shahid al hussain on August 30, 2012 at 3:07 pm

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