British Airways

British Airways’ Parent to Get $1 Billion Cash Infusion from American Express

British Airways’ Parent to Get $1 Billion Cash Infusion from American Express

British Airways’ parent International Airlines Group announced a multi-year renewal of its worldwide partnership agreement with American Express.
Under the terms of the renewal, American Express pay IAG Loyalty, an IAG subsidiary, £750 million ($987 million), the majority of which will be used for the pre-purchase of Avios points, said Steve Gunn, the group’s CFO.
The cash infusion comes at a time when the airline group is struggling to raise cash. British Airways …

British Airways Retires Entire Boeing 747 Fleet ‘with Immediate Effect’ Amidst Downturn in Travel

British Airways Retires Entire Boeing 747 Fleet ‘with Immediate Effect’ Amidst Downturn in Travel

British Airways said it had retired all of its Boeing 747 fleet “with immediate effect” as it struggles with plummeting air travel amidst the coronavirus pandemic.
“It is with great sadness that we can confirm we are proposing to retire our entire 747 fleet with immediate effect,” the airline said in a statement.
BA is the world’s largest operator of the 747, and the flag carrier had planned to retire the fleet …

IAG Subsidiary Level France to Shut Down

IAG Subsidiary Level France to Shut Down

Low-cost carrier Level Europe will reportedly cease operations as British Airways’ parent International Airlines Group tries to stem losses amidst the plummet in air travel during the coronavirus pandemic.
The move comes less than one month after Austrian low-cost carrier Level Europe, another IAG subsidiary, shut down and filed for insolvency.
Previously known as OpenSkies, the airline was founded in 2008 after British Airways purchased the then two-year-old French airline, L’Avion.  The …

British Airways to Sell Corporate Art Collection in Bid to Stay Afloat

British Airways to Sell Corporate Art Collection in Bid to Stay Afloat

British Airways said it will sell its corporate art collection, estimated to be worth millions, in an effort to stay in business.
The airline has an extensive collection of art by mostly British artists, including works by Damien Hirst and Peter Doig.  One work by Doig is worth well over £1 million ($1.26 million).  Many of the works have been on display in its airport lounges for decades.  BA has reportedly …

British Airways to Extend Executive Club Status by One Year

British Airways to Extend Executive Club Status by One Year

British Airways announced it that its Executive Club frequent-flyer program would extend elite status to members for an additional 12 months, citing the decline in travel amidst the coronavirus.
“We’re adding 12 months extra onto your Executive Club membership – so you have more time to enjoy your benefits, whenever you’re ready to fly,“ the airline said.
The BA Executive Club will also lower by 25% the threshold required to attain elite …

Virgin Atlantic to Temporarily Suspend All Flights

Virgin Atlantic to Temporarily Suspend All Flights

After cutting back to just three routes last month amidst plummeting demand, Virgin Atlantic Airways announced it plans to suspend all passenger flights for a minimum of one week later this month.
Virgin “has made the decision to move most of its current scheduled services to cargo-only services from 20 April until 26 April,” it said in a statement to FBT.
The British carrier will continue to operate its three routes – …

British Airways Expected to Furlough 36,000 Workers

British Airways Expected to Furlough 36,000 Workers

British Airways is expected to announce that it will temporarily lay off 36,000 employees, although the timing of the announcement is not certain.
The news comes after the airline cancelled all flights from London Gatwick on Tuesday and, earlier, London City Airport.
The airline is reportedly negotiating the move with Unite, the British and Irish trade union that represents many of its employees. The two sides are said to be close to …