Flybe said it was "surprised" that British Airways decided to impair the value of the carrier, in which it holds 15% following the 2006 sale of its BA Connect regional operation. In its recently released results for its fiscal year ended March 31 (ATWOnline, May 25), BA valued its Flybe stake at just £30 million ($48 million) after an additional £13 million write-down owing to a "lower rate of forecast revenue and earnings growth than previously expected." This gives Flybe an ...

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