Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Frantz Yvelin and Peter Luethi, a French-American duo who sold their first Paris-New York business-class-only airline to British Airways, are at it again.The partners, who got 78 million euros ($104 million) from British Airways in 2008 for L'Avion after less than two years of operations, have created another venture to offer the same service.LaCompagnie, which started operations July 21 with one used Boeing Co. (BA) 757, flies twice a week from Paris to New York. Similar carriers EOS Airlines, SilverJet and MaxJet stopped operating after less than five years in service.For the year ending March 31, 2009, British Airways booked a 7 million pound ($11.8 million) net loss from the acquisition.By the end of the year, the company expects to have two planes, flying six flights a week.With its offer, LaCompagnie plans to take on Air France, which offers seven flights daily to New York, British Airways and a host of U.S. airlines.
FOLLOW THIS ARTICLE