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Article: United Kingdom : British Airways Buys L'Avion to Expand OpenSkies Unit.
- Article from:
- TendersInfo
- Article date:
- July 3, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: pinto03
British Airways Plc agreed to buy Paris-based L'Avion for 54 million pounds ($108 million) to enlarge its new OpenSkies unit, expanding flights between France and the U.S. under an international treaty introduced in March.
L'Avion, which began flying in January last year, will be integrated into OpenSkies after the deal is completed this month, London-based British Airways said in a statement today. The purchase from private investors includes 26 million pounds of cash.
Like OpenSkies, L'Avion operates to the U.S. from Paris Orly airport using Boeing Co. 757 jetliners. The British Airways subsidiary began flights last month to ...