Financial Times FT.com

BA pays £54m for French business airline

By Kevin Done, Aerospace Correspondent

Published: July 2 2008 11:25 | Last updated: July 2 2008 20:24

British Airways is accelerating the growth of its recently launched OpenSkies subsidiary through the acquisition of L’Avion, the Paris-based all-business class airline.

BA said it would pay €68m (£54m) for the French airline, which includes €33m of cash in the business.

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