British Airways plc (LSE: BAY) is the national flag carrier of the United Kingdom. The airline is the largest airline in the United Kingdom based on fleet size, international flights and international destinations. Its main hubs are London Heathrow and London Gatwick.
The British Airways Group was formed on 1 September 1974 through nationalisation by the (then) Labour Government. BA was formed from two large London-based airlines BOAC and BEA and two much smaller regional airlines Cambrian Airways Cardiff and Northeast Airlines Newcastle. All four companies were dissolved on 31 March 1974 to form British Airways (BA). The company was privatised in February 1987. It expanded with the acquisition of British Caledonian in 1988 and some of the routes of Gatwick-based carrier Dan-Air in 1992. The formation of Richard Branson's Virgin Atlantic in 1984 began a tense relationship with BA which ended in "one of the most bitter and protracted libel actions in aviation history" in 1993 in which BA apologised "unreservedly" for a "dirty tricks" campaign against Virgin and paid damages and legal costs.[1]
The British Airways Group was formed on 1 September 1974 through nationalisation by the (then) Labour Government. BA was formed from two large London-based airlines BOAC and BEA and two much smaller regional airlines Cambrian Airways Cardiff and Northeast Airlines Newcastle. All four companies were dissolved on 31 March 1974 to form British Airways (BA). The company was privatised in February 1987. It expanded with the acquisition of British Caledonian in 1988 and some of the routes of Gatwick-based carrier Dan-Air in 1992. The formation of Richard Branson's Virgin Atlantic in 1984 began a tense relationship with BA which ended in "one of the most bitter and protracted libel actions in aviation history" in 1993 in which BA apologised "unreservedly" for a "dirty tricks" campaign against Virgin and paid damages and legal costs.[1]
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