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
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