The Beginning of the Empire Routes
As the name 'Imperial Airways' implied, the organisation had been formed to cast its eyes on more distant horizons than the boundaries of Europe. It was charged with the task of pioneering a chain of long-distance intercontinental air services linking the countries of the British Empire with each other and with the United Kingdom. Between the two World Wars it achieved that aim more
British Airways is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index on 31 March 2009 the airline celebrated its 35th anniversary. On 12 November 2009, British Airways confirmed that it had reached a preliminary agreement to merge with Iberia Airlines the combined airline will become the world's third-largest carrier (after Delta Air Lines and American Airlines) in terms of annual revenue.
British Airways (BA) was created in 1972, when the British Overseas Airways Corporation (BOAC) and British European Airways Corporation (BEA) managements were combined under the newly formed British Airways Board. This effectively made British Airways into the national airline for the United Kingdom and due to the lack of competition; the new company began to exert its position and significance. BA was one of only two airlines to operate the supersonic Aerospatiale-BAC Concorde; inaugurating the world's first supersonic passenger service in January 1976. The final commercial Concorde flight from New York to London was on 24 October 2003.
Sir John King, later Lord King, was appointed Chairman in 1981 with the goal of preparing the airline for privatisation. King was credited with transforming the loss-making giant into one of the most profitable air carriers in the world, boldly claiming to be "The World's Favourite Airline", while many other large airlines struggled. The flag carrier was privatised and was floated on the London Stock Exchange in February 1987 by the government. In July 1987, British Airways affected the takeover of Britain's "second" airline, British Caledonian
During the 1990s, BA became the world's most profitable airline under the slogan "The World's Favourite Airline". In 1993 BA formed British Asia Airways, a subsidiary based in the Republic of China (Taiwan), to operate between London and Taipei. BA also purchased a 25% stake in Australian airline Qantas and acquired Brymon Airways to form BA Connect all in the same year. |