On 3 November 2006, British Airways chief executive said that he had reached an agreement for Flybe to purchase BA Connect. BA would ensure that Flybe has sufficient funding in order to achieve its growth targets and the transition out of current BA Connect fleet. In return BA would acquire a 15% stake in the new business. The acquisition (which did not include BA Connect routes to London City or from Manchester to New York) would significantly increase the Flybe route network in both the UK and continental Europe, making Flybe the largest regional airline in Europe. Retention of the London City routes would result in BA retaining the RJ100 aircraft for these domestic and European services.