British Airways buying French airline L'Avion
British Airways said Wednesday it will purchase French airline L'Avion, which flies between Paris and New York City's Newark airport, in a 54 million pound (US$108 million) deal.
L'Avion, which is privately owned, operates two Boeing 757 aircraft.
British Airways said L'Avion would become part of its OpenSkies subsidiary, which began flying from the European continent to the U.S. in June.
"L'Avion is a successful airline that has built up a premium business between Orly and New York in a relatively short period of time," said Willie Walsh, British Airways' chief executive.
"It has many synergies with OpenSkies and buying it provides OpenSkies with a larger schedule and an established customer base in the Paris-New York market."
iht.com
L'Avion, which is privately owned, operates two Boeing 757 aircraft.
British Airways said L'Avion would become part of its OpenSkies subsidiary, which began flying from the European continent to the U.S. in June.
"L'Avion is a successful airline that has built up a premium business between Orly and New York in a relatively short period of time," said Willie Walsh, British Airways' chief executive.
"It has many synergies with OpenSkies and buying it provides OpenSkies with a larger schedule and an established customer base in the Paris-New York market."
iht.com
Labels: british airways, l'avion
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