DALLAS – Today in Aviation, British low-cost carrier Buzz (UK) was sold to Ryanair (FR) in 2003. Buzz owner, KLM (KL), announced its intention in January to sell the LCC for US$26m.
Plans for Buzz began in August 1999, at a time when KL’s British subsidiary, KLM UK (UK), was struggling to compete with the growing number of low-cost carriers at its London Stansted (STN) base.
The Dutch flag carrier would later fold KLM UK into KLM Cityhopper. Meanwhile, Buzz would take over the point-to-point routes from STN.
Source:: “Airways Magazine”