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Flybe closes 14 BA routes |
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Written by Business Weekly
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Wednesday, 07 March 2007 |
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Flybe, which operates out of Norwich and other regional airports, is closing 14 BA Connect routes as part of its takover of the loss-making British Airways regional arm.
BA will incur an additional charge of £20 million to cover losses to the end of February at BA Connect. The completion of the deal by Flybe includes £96 million of cash funding by BA to cover the inefficiencies of operating 50-seat jets and a degree of protection over future values of these aircraft until they are retired, a statement said. The loss-making routes will be shut from Birmingham, Manchester and Scottish airports. |
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