BRITISH Airways has sold its German arm for 72p - just over two months after low cost carrier easyJet scrapped plans to buy it.
Nuremburg aviation consultancy Intro Verwaltungsgesellschaft has agreed to pay one euro for dba (formerly Deutsche BA).
Under the deal, due to be completed on July 1, BA will invest up to £25m in dba and underwrite its 16-strong fleet for one year at a price of £2m a month.
In return, the company will receive a quarter of the airline's profits.
BA also stands to gain a quarter of the profits from disposal should Intro sell dba on or before June 2006.
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