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EasyJet buys GB Airways for £103.5m

26 October 2007

EasyJet, the budget airline, has agreed to pay £103.5m in cash to buy GB Airways from the privately held Bland Group. The deal means that easyJet will operate 24 per cent of the landing slots at Gatwick airport and make it the airport’s largest carrier.

GB Airways operates as a franchise of British Airways, a deal that ends in March next year, although the easyJet acquisition is expected to finalise in January. British Airways plans to begin its own services to compete with GB Airways, which flies mainly to southern Europe and North Africa.

source: The Independent

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