Sale of Boeing 757 fleet

RNS Number : 0408Q

British Airways PLC

02 April 2009

 



SALE OF BOEING 757 FLEET

British Airways is to sell 11 of its 15 Boeing 757 aircraft for cargo conversion with the aircraft leaving the airline's mainline fleet between 2010-2012. 

Four Boeing 757s operated by the airline's subsidiary OpenSkies will remain in the fleet.

The Boeing 757s will be replaced in the airline's shorthaul fleet by Airbus A320 family aircraft.

Robert Boyle, British Airways' director of strategy and business units, said: 'Replacing the Boeing 757s will give us both environmental and cost benefits.'

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April 2, 2009                                                                                                                                                                        34/LG/09

Certain information included in these statements 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 Business Plan programs, 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 itemize 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.

The Annual Report and Accounts for the financial year 2007-08, which is available online at www.bashares.com, included a section discussing the principal risks and uncertainties which could cause such forward-looking statements to be incorrect.

 

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