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Article: BA finds French partner for pounds 78m Air Liberte bid
- Article from:
- The Independent (London, England)
- Article date:
- October 24, 1996
- Author:
CopyrightCopyright 1996 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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British Airways last night tabled a fresh bid for the bankrupt
French regional airline Air Liberte, this time in partnership with
the Paris- based Groupe Rivaud.
BA and its French partner are offering to invest pounds 78m in
Air Liberte, of which pounds 55m would come from BA giving it a
majority 70 per cent holding.
The airline, which filed for banruptcy protection last month, is
the subject of a rival bid from another carrier, AOR, which is
owned by Credit Lyonnais. Richard Branson's Virgin Atlantic ...