British Airways (BA) is to purchase the privately-owned French carrier L’Avion for £54 million.
The deal is expected to be complete by the end of this month when BA will merge L’Avion with is new subsidiary OpenSkies.
The combined airline will operate three daily flights from Paris to New York. Flights will run from Paris Orly Airport to both Newark and JFK in New York.
OpenSkies launched last month and currently offers flights from the Paris airport to JFK as part of a codeshare agreement with L’Avion.
L’Avion became the first airline in France to offer all business-calls flights to New York from Paris Orly with its launch in January 2007. The carrier currently serves Newark twice a day, five times a week.
BA’s chief executive Willie Walsh said: "L’Avion is a successful airline that has built up a premium business between Orly and New York in a relatively short period of time.
"It has many synergies with OpenSkies and buying it provides OpenSkies with a larger schedule and an established customer base in the Paris-New York market."
Christophe Bejach, co-founder and chairman of L’Avion welcomed the news and explained that as a result of the merger "customers will have access to an even better service, on a larger scale".