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Company Watch - British Airways.

Apr 30, 2007

British Airways British Airways
 in full British Airways PLC

International passenger airline based in London. In 1936 British Airways Ltd. was founded through the merger of three smaller airlines.
 yesterday signaled its intent to delist its American Depository Shares from the New York Stock Exchange New York Stock Exchange (NYSE)

World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City.
 and terminate its reporting obligations under the US Securities Exchange Act of 1934, a move it said will save it approximately [pounds sterling]10 million ($20 million) annually. British Air will file the required form with the US Securities and Exchange Commission "on or about" May 8 and its deregistration deregistration

removal of right to practice by local registering body, usually as a disciplinary measure because of professional misconduct, possibly because of inability to perform because of psychiatric problem.
 form "as soon as practicable" after June 4. Its American Depository Receipts American Depository Receipt n. called in the banking trade an ADR, it is a receipt issued by American banks to Americans as a substitute for actual ownership of shares of foreign stocks.  will trade on the over-the-counter market over-the-counter market

Trading in stocks and bonds that does not take place on stock exchanges. Such trading occurs most often in the U.S., where requirements for listing stocks on the exchanges are strict.
. BA said that only 3% of its shares are held in the ADS program and that the average trading volume Trading volume

The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares.
 for the year ended March 31 was less than 5%. New SEC rules allow foreign issuers to deregister if trading volume is sufficiently low. Apr 26, 2007

British Airways has airbrushed a scene of arch-rival Sir Richard Branson Sir Richard Charles Nicholas Branson (born 18 July 1950 (1950--) (age 57) in Shamley Green, Surrey, England), is a British entrepreneur, best known for his Virgin brand of over 360  out of its in-flight James Bond movie "Casino Royale", sources close to the company said. Apr 24, 2007

British Airways is very close to completing the last of its new round of deals with the major global distribution systems in the shape of an agreement with Amadeus, Business Travel News has learned. Though details have not been released, sources said that, like the other GDSs, Amadeus likely would offer British and Irish travel agencies an opt-in program providing full BA content in return for a charge per ticket. If an agency chooses not to accept the opt-in arrangement, it instead will face surcharges from the airline. Apr 24, 2007

British Airways has approached a number of private equity companies about making a consortium takeover bid for Spanish airline Iberia, British Air said on Monday. Apr 23, 2007

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Apr 23, 2007
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Publication:Airguide Online
Date:Apr 30, 2007
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