Financial Times FT.com

BA pays £54m for business airline L'Avion

By Kevin Done in London

Published: July 3 2008 03:00 | Last updated: July 3 2008 03:00

British Airways is accelerating the growth of its re-cently launched OpenSkies subsidiary via the acquisition of L'Avion, the Paris-based all-business class airline.

BA said it would pay £54m ($107.6m) for the French airline, which includes £26m of cash in the business.

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