LOW-COST AIRLINE easyJet has agreed to buy GB Airways in a deal worth nearly 150 million euros.
The airline’s already dominant presence at Faro airport will become even more prevalent from March 2008.
British Airways said on Thursday that its franchise agreement with GB Airways, which operates from London Gatwick and some other UK airports to countries in southern Europe and northern Africa, was to end.
There will be an increase in the easyJet fleet to a total of 122 aircraft, as it acquires 15 jets in this deal, which should be completed by the end of January.
Andy Harrison, easyJet Chief Executive, said: “This is an acquisition which both strengthens our customer offering at London Gatwick … and allows us to fully capitalise on the potential of the airport through a large number of slots.”
Until the official changeover, “easyJet will co-operate with British Airways to ensure a smooth and orderly transition for customers” and all flights operated by GB Airways under the franchise of British Airways until March 29, 2008, inclusive, will remain available for purchase.
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