5th Mar 2007 07:04
British Airways PLC05 March 2007 SALE OF BA CONNECT TO FLYBE COMPLETED British Airways has completed the sale of the regional operation of itssubsidiary airline BA Connect to Flybe. As previously announced at Quarter 2 on November 3, 2006, British Airways hasalready taken a charge in respect of the sale. This will be increased by around£20 million as a result of losses incurred by BA Connect to February 28, 2007. ends March 5, 2007 30/KG/07 Notes to Editors There will be a transition period until March 25, 2007 while the handover ofresponsibilities between the two airlines is undertaken. After this date, formerBA Connect services operated by Flybe will have a British Airways flight codefor a minimum of 12 months. Certain information included in these statements is forward-looking and involvesrisks and uncertainties that could cause actual results to differ materiallyfrom those expressed or implied by the forward looking statements. Forward-looking statements include, without limitation, projections relating toresults of operations and financial conditions and the company's plans andobjectives for future operations, including, without limitation, discussions ofthe company's Business Plan programmes, expected future revenues, financingplans and expected expenditures and divestments. All forward-looking statementsin this report are based upon information known to the company on the date ofthis report. The company undertakes no obligation to publicly update or reviseany forward-looking statement, whether as a result of new information, futureevents or otherwise. It is not reasonably possible to itemise all of the many factors and specificevents that could cause the company's forward looking statements to be incorrector that could otherwise have a material adverse effect on the future operationsor results of an airline operating in the global economy. Information on somefactors which could result in material difference to the results is available inthe company's SEC filings, including, without limitation the company's Report onForm 20-F for the year ended March 2006. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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