ILoveORD
Topic Author
Posts: 193
Joined: Mon Sep 15, 2003 5:20 am

British Airways: Fully Privatized?

Wed Nov 12, 2003 3:45 pm

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]
Backhanding the left into submission, one activist judge at a time.
 
planenutz
Posts: 1156
Joined: Fri Dec 31, 1999 5:50 am

RE: British Airways: Fully Privatized?

Wed Nov 12, 2003 4:11 pm

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
Not all who wander are lost....
 
User avatar
Crosswind
Posts: 2538
Joined: Sat Nov 25, 2000 4:34 am

RE: British Airways: Fully Privatized?

Thu Nov 13, 2003 12:56 am

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

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