BA to buy French airline L'Avion
British Airways is purchasing L'Avion for EUR 68 million to combine with its transatlantic OpenSkies operation.2 July 2008
LONDON - British Airways said on Wednesday that it will buy French carrier L'Avion for EUR 68 million to combine with its transatlantic OpenSkies operation.
"British Airways has reached an agreement to buy French airline L'Avion,"
the company said in a statement.
L'Avion is a small, privately-owned carrier which specialises in business class travel and flies two Boeing 757 aircraft between Orly airport in Paris and New York's Newark airport. It was launched in January 2007.
BA added on Wednesday that it would integrate L'Avion with OpenSkies, its new transatlantic airline that was launched in June to offer daily flights from New York to Europe.
"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 BA chief executive Willie Walsh in the statement.
"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."
BA created OpenSkies to take advantage of the EU-US "open skies" deal to free up the lucrative transatlantic aviation market.
OpenSkies launched daily services from Paris Orly to New York's John F. Kennedy and Newark airports on 19 June.
[AFP / Expatica]