DBA SOLD TO INTRO

British Airways PLC
02 June 2003


DBA SOLD TO INTRO

British Airways has signed an agreement today, Monday 2 June, 2003, to sell its
wholly owned German subsidiary dba (formerly Deutsche BA) to Intro
Verwaltungsgesellschaft mbH, the Nuremburg-based aviation consultancy and
investment company.

Intro will buy the entire share capital of dba for €1. As part of the
transaction,

British Airways will invest up to £25 million (€35 million) in dba and will also
underwrite the German carrier's fleet of 16 aircraft for one year, at a cost of
£2 million (€3 million) per month.

In exchange, British Airways will receive 25 per cent of any dba profits, or 25
per cent of any profit on disposal of dba, up to June 2006.

Roger Maynard, chairman of dba and British Airways' director of investments and
joint ventures, said: 'Dba does not fit with our core full service network
strategy and the new owners will be able to give the business the commercial
focus it needs. The people in dba have done a great job in carving an important
niche in the German domestic market with an operational performance second to
none. I wish them well.

'This deal is a sensible one in the current climate. It ends our exposure to
German losses yet gives us the benefit of a share in any profits that the
company makes in the next three years.

'There are no changes to dba's flights, as a result of the change in ownership,
and for customers and staff it is very much business as usual.'

The sale transaction will be completed by July 1 2003.

Intro was advised by Barons Financial Services of Geneva and London.


                                      Ends

2 June 2003                                        LG/063/2003

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                                                             DBA sold to Intro/2

Notes to Editors

  • Hans Rudolf Wo hrl , chief executive officer of Intro
    Verwaltungsgesellschaft mbH, has considerable experience in the aviation
    industry. He was the founder of NFD, forerunner of Eurowings, and also was a
    member of the dba board between 1994 and 2001.

  • Dba currently serves seven German domestic cities and four international
    routes. Berlin to Cologne, Dusseldorf and Stuttgart; Munich to Berlin,
    Cologne, Dusseldorf and Hamburg; Berlin to Nice; Hamburg to Nice; Stuttgart
    to Nice and Munich to Malaga.

  • Dba has 800 employees, mostly based in Munich, and operates 16 Boeing 737
    aircraft.

Media contacts:

British Airways - 0208 738 5100

Intro Verwaltungsgesellschaft mbH - Eric Kohn, 0207 823 2662 or 07785 301500

Certain information included in this statement 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.

Forward-looking statements include, without limitation, projections relating to
results of operations and financial conditions and the Company's plans and
objectives for future operations, including, without limitation, discussions of
the Company's 'Future Size and Shape' programme, expected future revenues,
financing plans and expected expenditures and divestments. All forward-looking
statements in this report are based upon information known to the Company on the
date of this report. 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. Information on some
factors which could result in material difference to the results is available in
the Company's SEC filings, including, without limitation the Company's Report on
Form 20-F for the year ended March 2002.




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