Independent journal on economy and transport policy
19:34 GMT+2
British Airways takes over BRAL for £78m
(The Times)
March 9, 2001
By Arthur Leathley, City Correspondent
BRITISH AIRWAYS is taking over British Regional Air Lines (BRAL) for £78 million as it steps up its cost-cutting drive on European routes.
The agreement will trigger a £20 million windfall for Sir Michael Bishop, who owns a 26.2 per cent stake in BRAL. Sir Michael is chairman of bmi British Midland, a prominent ...... Read more on The Times
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