![]() ![]() However, opposition from the Treasury blocked the proposal. The chairman of BOAC, Miles Thomas, was in favour of a merger as a potential solution to this disagreement and had backing for the idea from the Chancellor of the Exchequer at the time, Rab Butler. Increasingly BOAC was protesting that BEA was using its subsidiary Cyprus Airways to circumvent an agreement that BEA would not fly routes further east than Cyprus, particularly to the increasingly important oil regions in the Middle East. Proposals to establish a joint British airline, combining the assets of the British Overseas Airways Corporation (BOAC) and British European Airways (BEA), were first raised in 1953 as a result of difficulties in attempts by BOAC and BEA to negotiate air rights through the British colony of Cyprus. The alliance has since grown to become the third-largest, after SkyTeam and Star Alliance.Ī Boeing 747-100 in BOAC-British Airways transition livery (1976) It is a founding member of the Oneworld airline alliance, along with American Airlines, the now-defunct Canadian Airlines, Cathay Pacific, and Qantas. ![]() The carrier expanded with the acquisition of British Caledonian in 1987, Dan-Air in 1992, and British Midland International in 2012. After almost 13 years as a state company, BA was privatised in February 1987 as part of a wider privatisation plan by the Conservative government. However, it marked 2019 as its centenary based on predecessor companies. On 31 March 1974, all four companies were merged to form British Airways. īA was created in 1974 after a British Airways Board was established by the British government to manage the two nationalised airline corporations, British Overseas Airways Corporation and British European Airways, and two regional airlines, Cambrian Airways and Northeast Airlines. British Airways is the first passenger airline to have generated more than US$1 billion on a single air route in a year (from 1 April 2017, to 31 March 2018, on the New York-JFK - London-Heathrow route). It is listed on the London Stock Exchange and in the FTSE 100 Index. IAG is the world's third-largest airline group in terms of annual revenue and the second-largest in Europe. In January 2011 BA merged with Iberia, creating the International Airlines Group (IAG), a holding company registered in Madrid, Spain. The airline is the second largest UK-based carrier, based on fleet size and passengers carried, behind easyJet. It is headquartered in London, England, near its main hub at Heathrow Airport. Stephen William Lawrence Gunning ( CFO and director)īritish Airways ( BA) is the flag carrier of the United Kingdom. ![]()
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