Disposal

British Airways PLC
20 December 2002



BRITISH AIRWAYS SELLS STAKE IN AUSTRALIAN TRAVEL COMPANY

British Airways has sold its 50 per cent stake in travel company, Concorde
Travel Group, to a consortium of Australian investors.

The airline has disposed of its share in the Australian based company for AUS
$15 million (£5.4 million). This represents a profit on disposal of £1.7
million.

The sale of the shareholding, which British Airways acquired in 1987, is in line
with the carrier's strategy to concentrate on core business.

                                      ends


Notes to editors:

  • The company was established in Melbourne, Australia in 1949 and
    specialises in the development, marketing and wholesale distribution of
    airline products.

  • The company will now be headed by a new CEO Peter Lacaze.



                      This information is provided by RNS
            The company news service from the London Stock Exchange