British Airways Buys L'Avion
The three business-class-only airlines that flew out of the U.K. to New York (MaxJet, Eos and Silverjet) are all now history but the last outlier, Paris-based L'Avion is still around. For now. British Airways has snapped up the French all-business airline l'Avion for 54 million pounds ($107 million). The privately owned airline flies two Boeing 757 aircraft with 90 seats each between Paris and New York.
Once the deal is done, l'Avion will become a subsidiary of British airways and become part of Open Skies, their transatlantic airline. Open Skies operates with its own crew and pilots (there is only one aircraft so far). Open Skies planes have 24 seats that convert into beds, 28 in premium economy and 30 in economy making it closer to the l'Avion model than traditional British Airways flights.
Marketwatch speculates that it may be possible that l'Avion, like the other business-class airlines was hardly a moneymaker and may have never turned a profit.
Reader Comments (Page 1 of 1)
Graffitimonkie Jul 11th 2008 1:58AM
All the big airline companies just put out an open letter to the public today addressing their concerns with the rising gas prices and are asking us the public to help them take a stand against speculators and the market of speculation.
They made claims that up to 60% of the market is being traded on pure speculation.
http://www.tranharry.com/daily