easyJet to buys GB Airways, British Airways ends franchise.
AIRLINE INDUSTRY INFORMATION-(C)1997-2007 M2 COMMUNICATIONS LTD
easyJet, the UK-based budget airline, has said that it has made an agreement to acquire GB Airways.
easyJet also said that it will pay GBP103.5m in cash for the competitor and the purchase excludes GB Airways'
Separately, British Airways said today (25 October) that it plans to end its UK franchise agreement with GB Airways from March 2008. British Airways also said it plans to launch services on some of the routes operated under the franchise.
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