British Airways has sold its consulting arm Speedwing Consulting to UK-based Jacobs Consultancy, as part of its future size and shape review process aimed at focusing on the carrier's core business.
Jacobs, owned by New York-listed Jacobs Engineering Group, will use the acquisition to beef up its aviation activities. Its transport practice mainly advises on road and rail projects.
Terms of the deal have not been disclosed, but Jacobs says it has bought the staff, an extensive database of former BA executives, existing contracts and future projects. The former BA subsidiary is "pursuing a number of major opportunities amounting to over £4 million in fees", says the company.
Source: Flight International
