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 ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.