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8/26, 2:37 PM (Source: TeleTrader)
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British Airways may create short-haul subsidiary - spox

British Airways is planning to turn its operations at the London Gatwick Airport into a short-haul subsidiary, the company's spokesperson said to The Wall Street Journal on Thursday.

The move would allow the company to cut costs, and become more competitive against other airline discounters, like easyJet plc and Ryanair Holdings plc, the outlet wrote.

The firm is currently in negotiations with its union, according to the spokesperson.

Breaking the News / BU