British Airways reached an agreement in principle to sell its money-losing Regional operation, BA Connect, to Exeter-based Flybe. Price was not disclosed. BA intends to retain a 15% stake in the company, which lost £20 million ($38.2 million) on revenue of £363 million in the most recent fiscal year. In January, BA overhauled the unit, formerly known as British Airways CitiExpress, with a new name, a single-class cabin, buy-on-board catering and reduced fares to help it compete ...

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