Airliners.net forum: British Airways: Fully Privatized?

Print from Airliners.net discussion forum
http://www.airliners.net/aviation-forums/general_aviation/read.main/1260558/

Topic: British Airways: Fully Privatized?
Username: ILoveORD
Posted 2003-11-12 07:45:55 and read 1146 times.

I'm working on an econ. paper about airline privatization. I realize most European national/flag carriers are largely funded by the state and up until now, assumed BA was also. However, I've come across a book that says Margaret Thatcher pushed for an intiative to fully privatize BA in 1987. Anyway, my questions are these: is BA now 100% private? If so, what its current financial situation and does it receive aid from the goverment to prevent it from going under during the aviation slump? Where can I find info. regarding this matter.

Thanks

[Edited 2003-11-12 07:50:04]

Topic: RE: British Airways: Fully Privatized?
Username: Planenutz
Posted 2003-11-12 08:11:53 and read 1130 times.

According to the 2002-2003 BA Annual Report the shareholder spread is as follows:

Individual shareholders = 15.29%
Banks = 81.22%
Insurance companies = .16%
Pension Trusts = .91%
Investment Trusts = .02%
Other Corporations = 2.40%

It would appear that no part of BA is government owned or operated.

A full copy of the BA Annual Report for 02-03 can be downloaded in .pdf format here: http://media.corporate-ir.net/media_files/irol/69/69499/ar2003_Final.pdf

Topic: RE: British Airways: Fully Privatized?
Username: Crosswind
Posted 2003-11-12 16:56:09 and read 1061 times.

Yes,
BA was fully privatised in 1987, when the company became British Airways plc.

The messages in this discussion express the views of the author of the message, not necessarily the views of Airliners.net or any entity associated with Airliners.net.