easyJet PLC ("easyJet") announced today that it has agreed to acquire the entire issued share capital of GB Airways Ltd ("GB Airways"), excluding its slots at Heathrow Airport, from the Bland Group Limited, for a cash consideration of £103.5 million.
GB Airways is primarily a London Gatwick based point-to-point airline operating to destinations across Southern Europe and North Africa under a franchise agreement with British Airways PLC ("British Airways"). easyJet will co-operate with British Airways to ensure a smooth and orderly transition for customers. To this end GB Airways will continue to operate all routes under the British Airways brand until March 29 2008 after which flights will operate under the easyJet brand. | 
