News: BA set to buy French business airline
Flights > News > # 1824 (02/07/2008)
British Airways (BA) has agreed to buy French airline L’Avion in a deal worth €68 million (£54 million). The cost covers the purchase of the airline and a cash injection of €33 million (£26 million).
L’Avion is a privately owned airline that operates all-business class flights between Paris Orly and New York Newark. Following completion of the deal, expected later this month, L’Avion will become a integrated into OpenSkies, BA’s new transatlantic business airline.
OpenSkies launched services on June 19 with daily flights from Orly to New York JFK. The combined airline will operate up to three daily flights between Paris Orly and New York JFK/Newark airports using three Boeing 757 aircraft.
Christophe Bejach, co-founder and chairman of L'Avion, said: "We are happy to merge our operation with OpenSkies. This transaction will strengthen our current base and enable the combined airline to grow faster and stronger. Our customers will have access to an even better service, on a larger scale."
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