05-Jun-2009 2:37 PM

British Airways writes down its stake in Flybe

Premium Analysis

British Airways (BA) wrote down the value of its 15% share in Flybe by GBP13 million at the end of May-2009, to approximately GBP30 million, suggesting the LCC's overall value is currently GBP200 million. BA acquired Flybe in 2006, as part of its sale of BA Connect.

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