11-Dec-2009 12:47 PM

British Airways to retain OpenSkies

British Airways has decided to retain full ownership of its OpenSkies subsidiary, turning down five offers from US and European private equity firms (Wall Street Journal, 11-Dec-2009). Financial details of the bids were not disclosed. The review of OpenSkies was conducted as part of a broader strategic review by British Airways. OpenSkies plans to announce details of its proposed second route in a month (Amsterdam-New York service was suspended in Jul-2009). The carrier's load factors are currently averaging 74%, up from 70% in Aug-2009.

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