BA had also complained about another Ryanair ad headlined 'Expensive BA'
that included price comparisons between the two airlines.
An additional transaction equal in size to KLX or larger would likely require permanent debt funding, possibly leading to a review of BA's ratings or outlook.
Credit risks from M&A activity have been rising as a result of potential strategic transactions, as illustrated by today's KLX announcement and BA's ongoing discussions with Embraer S.A.
Full-year revenue now is expected to improve 6%-7% from the [pounds sterling]8.52 billion earned in the 2005-06 fiscal year, up from BA's
original forecast of 5%-6%.
The case began over a decade ago, when BA's rival, Virgin Atlantic Airways lodged a complaint with the Commission in July 1993 against BA's agreements with travel agents.
The Court said that the behaviour of other carriers did not impact on the severity of BA's behaviour.
The fine was imposed by the Brussels Commission in 1999 following complaints from Virgin Atlantic that BA's generous incentives schemes for travel agents made them more likely to push tickets on BA flights than on other airlines.
BA's performance reward scheme had the effect of 'restricting the freedom of UK agencies to supply their services to the airlines of their choice, and thus of limiting access by BA's competitor airlines to routes to and from UK airports, without that system being based on any economically justified consideration'.
Mr Justice Jacob dismissed BA's
"bullying" bid to muzzle Ryanair and branded their malicious falsehood claim "immature" .
From the day news filtered out of BA's
plans to launch Go, she has tirelessly insisted that it is a separately run subsidiary and that it is not, repeat not, a cross-subsidized spoiler intent on driving the other low-cost operators out of business, before jacking up prices.
systemic approach to designing its future raises some very difficult questions for architects.
1, placing BA's
code on Malev's twice-daily London Gatwick-Budapest flights and seven Eastern European routes from BUD.