Purchase of L'Avion completed

RNS Number : 9177Z
British Airways PLC
25 July 2008
 

PURCHASE OF L'AVION COMPLETED


British Airways has today (Friday 25 July) completed its purchase of French airline L'Avion.  


L'Avion will operate as a subsidiary of British Airways and will become fully integrated with OpenSkies by early 2009.


Ends


25 July 2008                                                                                                                                                          091/CW/2008


Notes to editors


  • British Airways purchased L'Avion at a cost of £54 million (Euro 68 million) inclusive of £26 million of cash in its business.

  • OpenSkies launched services on June 19 this year with daily flights from Paris Orly to New York JFK.

  • L'Avion currently operates two daily flights between Paris Orly and Newark.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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