Go sale agreed

British Airways PLC
14 June 2001

£110 MILLION GO SALE AGREED

British Airways has today announced the sale of its no-frills subsidiary Go
Fly Limited to 3i, in a deal worth up to £110m.

Rod Eddington, British Airways' Chief Executive, said: 'The deal represents an
excellent return on our initial £25 million investment in the airline three
years ago. Go is an excellent airline with a fine management and workforce. As
a no-frills operator, however, it simply does not fit with our full-service
strategy. I am sure Barbara Cassani and her team will continue to grow this
exciting business into the future.'

On completion British Airways will receive cash consideration of £80m, in
addition to £20m of vendor loan notes and a potential deferred payment of £10m
in the event of a subsequent sale of Go by 3i within five years.

Barbara Cassani, Go's Chief Executive, said : ' Over the three years we have
built a strong business with low prices and great service. I am delighted that
the people who have made Go such a success will now co-own the airline.'

                                     ends

June 14, 2001                                        070/LDV/01

For further information contact:
British Airways Plc         Press Office                  020 8738 5100
Go                          Brandon Stockwell             07768 747907

                            Cohn & Wolfe
3i                          Christine Thompson            020 7300 6406