British Airways PLC
11 May 2000
FIRST EUROPEAN ON-LINE TRAVEL PORTAL TAKES OFF
British Airways is to join forces with ten major
airlines to create the first European, multi-airline, on-
line travel agency. The new site will offer the general
public access to the most up-to-date fare information,
including the airlines' lowest branded fares. It is
expected to attract a significant proportion of total on-
line travel sales in Europe within the next two years.
The other partners in the new venture are Air France,
Lufthansa, Alitalia, KLM, Iberia, SAS, Aer Lingus,
Austrian Airlines Group, British Midland and Finnair.
The ground-breaking site - to be named in the coming
months - will offer independent travellers the most
comprehensive and competitively priced range of flights
to, from and within Europe. They will also be able to
book hotels, car hire, insurance and other travel
services through the site.
Speaking on behalf of the member airlines, Rod
Eddington, Chief Executive of British Airways, said:
'This site will revolutionise the way European customers
arrange their travel plans. From the comfort of their
own armchair, they'll now have access in their own
language to the biggest international route network and
some of the lowest fares available, as well as a one-
stop-shop for all their travel needs.
'All our research shows that customers want to be able
to compare and buy offers from a wide range of airlines
by visiting just one site. Now they can do just that.
They will also have the reassurance that they are
dealing with established brands which they can trust to
deliver.'
The new venture, which is expected to launch towards the
end of this year, will be managed independently of the
airlines. The member airlines will remain competitors
and will not share pricing or proprietary information
with each other.
The site is expected to significantly cut the cost of
selling and distributing tickets for the member
companies.
Notes to editors below
Notes to Editors
-Travel is the largest on-line revenue sector in
Europe and is forecast to grow from
$8 billion in 1999 to $29 billion by 2003. Source:
Forrester Research
-The on-line travel agency is part of a planned
£100m investment by British Airways over the next two
years in three major on-line ventures.
For more information, please contact:
British Airways Corporate Communications 020 8738 5100
Air France Corporate Communications 0033141 5656 00
Lufthansa Corporate Communications 0049 69 696 2999
Alitalia Corporate Communications 0039 0665 62 2972
KLM Corporate Communications 0031 20 6491780
Iberia Corporate Communications 00 3491 587 7462
Aer Lingus Corporate Communications 00 3531 886 2573
British Midland Corporate Communications 01332 854 236
Finnair Corporate Communications 00 358981 84970
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.