British Airways

Willie Walsh Retires as CEO of British Airways’ Parent IAG

Willie Walsh Retires as CEO of British Airways’ Parent IAG

British Airways parent International Airlines Group announced that Willie Walsh had retired as CEO after over 15 years at the company.  Effective Tuesday, the new chief executive at IAG will be Luis Gallego, currently CEO of Iberia, Líneas Aéreas de España, which is also an IAG subsidiary.
Walsh, who was been CEO since 2005, was originally supposed to retire in March of this year but delayed his departure amidst the coronavirus …

British Airways Puts Avios on Sale with 50% Bonus Offer

British Airways Puts Avios on Sale with 50% Bonus Offer

British Airways announced a sale on Avios points.
The airline is offering a 50% bonus on all purchases through September 30, 2020.
“Get an extra 50% Avios when you buy or gift Avios before 30 September 2020,“ the airline said in a statement on its website.
Avios points are extremely cost effective when redeemed for short-haul flights on both American Airlines and British Airways, although the cost of an award flight will increase if …

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 …