BRITISH AIRWAYS SELLS STAKE IN AUSTRALIAN TRAVEL COMPANY

 

 

BRITISH AIRWAYS SELLS STAKE IN AUSTRALIAN TRAVEL COMPANY

British Airways has sold its 50 per cent stake in travel company, Concorde Travel Group, to a consortium of Australian investors.

The airline has disposed of its share in the Australian based company for AUS $15 million (£:5.4 million). This represents a profit on disposal of £1.7 million.

The sale of the shareholding, which British Airways acquired in 1987, is in line with the carriers strategy to concentrate on core business.

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