EasyJet acquires GB Airways

UK-based budget airline easyJet announced yesterday the acquisition of GB Airways Ltd, a franchise partner of British Airways Plc, for 103.5 million pounds (147.8 million euros), excluding GBâ€™s slots at Heathrow Airport. Owned by Greek-Cypriot tycoon Stelios Haji-Ioannou, easyJet will cooperate with British Airways for a smooth transition, with full integration of Gatwick-based GB into easyJet expected from March 30, when all GB services will be under easyJet colors. GB this season operates flights to four Greek destinations: Corfu, Myconos, Iraklion and Rhodes, while easyJet flies to Athens.

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