EasyJet said it might exercise the option to acquire Deutsche BA
at any time up until the end of April, 2003, though easyJet has the right to extend the deadline to August 3.
easyJet is expected to contribute EUR5m for capital expenditure to help change Deutsche BA
into a low-cost airline.
Under the terms of the deal BA is granting easyJet the option to buy 100 per cent of Deutsche BA
, by March 31, 2003.
easyJet and BA have signed a a binding 'heads of agreement' for the sale of Deutsche BA
, which flies exclusively in Germany.
2 /PRNewswire/ -- Deutsche BA
has ordered six additional Boeing 737-300s, Boeing Commercial Airplane Group confirmed today.
BUDGET airline easyJet moved a step closer to expanding into Europe's biggest domestic air travel market yesterday after it was given the go-ahead by German watchdogs to acquire Deutsche BA
from British Airways.
O`Leary has also dismissed speculation that Ryanair would acquire Deutsche BA
, the struggling subsidiary of British Airways, in order to gain a foothold in Germany.
Meanwhile British Airways is on the verge of dissolving its German carrier Deutsche BA
, it was claimed yesterday.
10 /PRNewswire/ -- Boeing Commercial Airplane Group today confirmed an order by Germany-based Deutsche BA
for seven Boeing 737-300s, valued at $287 million.
The operation also has the option to acquire the loss-making German carrier Deutsche BA
, part of the British Airways empire.
A regional German court has confirmed a lower court ruling requiring Dusseldorf airport to pay compensation to Deutsche BA
, an airline that incurred losses during a 1996 fire.
But BA said it would want a total of about 100 jets of the same type over the next decade to also replace a mixed fleet of seven aircraft types in service with BA Regional, Air Liberte, Deutsche BA
and its EuroGatwick operations.