News: Easyjet completes GB Airways takover
Flights > News > # 1671 (01/02/2008)
Easyjet's £103.5 million purchase of GB Airways has been completed following final regulatory clearances.
The deal strengthens the low cost carrier's position in the short-haul sector, operating around 18% of available seats.
GB Airways had a pre-tax profit of £2.6 million in the year ending March 2007. The airline operates 15 Airbus A320s and A321s.
Easyjet claims that following the takeover, it will carry more passengers from Gatwick than any other airline. The GB Airways acquisition also means that Easyjet will start offering flights from Manchester for the first time.
Easyjet chief executive, Andy Harrison, said: "We are delighted to have completed this transaction.”
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