Airline completes sale

British Airways PLC
09 September 2004


AIRLINE COMPLETES SALE OF QANTAS STAKE


Following the announcement on 7 September, 2004, British Airways confirms that
the book building process in connection with the underwritten offering for sale
of its 18.25 per cent shareholding in Qantas was completed earlier today in
Sydney.


The gross sale proceeds achieved were A$1.1 billion (approximately £430 million)
which the airline will receive on 14 September.  As previously announced, the
airline expects to use the proceeds to repay part of its existing gross debt
which at June 30, 2004 amounted to £5.6 billion.


September 9, 2004


This press release does not constitute an offer of any securities for sale.  The
securities offered will not be registered under the U.S. Securities Act of 1933
and may not be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements.


Certain information included in this press release is forward-looking and
involves risks and uncertainties that could cause actual results to differ
materially from those expressed or implied by the forward-looking statements.
The forward-looking statements include, without limitation, the expected
proceeds from the sale and the anticipated use of proceeds.  All forward-looking
statements in this press release are based upon information known to the Company
on the date of this press release.  The Company undertakes no obligation to
publicly update or revise any forward-looking statement, whether as a result of
new information, future events or otherwise.


It is not reasonably possible to itemise all of the many factors and specific
events that could cause the Company's forward-looking statements to be incorrect
or that could otherwise have a material adverse effect on the future operations
or results of an airline operating in the global economy.  Some factors that
could significantly affect the expected proceeds from the sale and the
anticipated use of proceeds include those available in the Company's SEC
filings, including, without limitation, the Company's Annual Report on Form 20-F
for the year ended March 31, 2004.



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