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03 December 2008 The on-line newspaper devoted to the world of transports 05:52 GMT+1



March 9, 2001

British Airways takes over BRAL for £78m

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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