The squeeze on Europe’s air fares
Low-fare, no-frills airlines are shaking up Europe’s national flag carriers
ANY day now, British Airways (BA) should complete the sale of its low-fare subsidiary, called Go, to a management buy-out backed by capital from 3i, a venture-capital group, and Barclays Bank. It will launch on to the market an aggressive competitor in what has become the hottest sector of European aviation.
This article appeared in the Business section of the print edition under the headline “The squeeze on Europe’s air fares”
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