LONDON, Sept 7 (Reuters) - The chief executive of British
Airways said on Tuesday that negotiations to set up a new
low-cost subsidiary at London's no.2 airport Gatwick were
"advanced".
"We want to set up a subsidiary which has got a competitive
cost platform," BA CEO Sean Doyle told reporters at an event at
Heathrow Airport.
"We're in, you know, advanced negotiations to try and enable
that."
If negotiations with unions to set up the new unit fail,
then Doyle said BA would not be able to compete at Gatwick and
could look to sell its slots there.
"We would consider alternatives for the slot portfolio,"
Doyle added.
(Reporting by Sarah Young. Editing by Andrew MacAskill)