BRITISH AIRWAYS PLC

British air-transport company formed in April 1974 in the fusion of British Overseas Airways Corporation (BOAC, formed in 1939), British European Airways (BEA, formed in 1946), and their associated companies. The company, state-owned from its inception, was privatized in 1987. The airline offers service to cities around the world and carries more passengers on international scheduled flights than any other airline. Its major subsidiaries are British Airways Helicopters, which engages mainly in North Sea oil and gas operations; British Airways Associated Companies, which administers local and regional airlines and hotels; and International Aeradio, which provides telecommunications and other technical services to various airlines and governments. Headquarters are at London's Heathrow Airport. The airline's history traces to March 31, 1924, when, with the award of government subsidies, four small postwar companies (Handley Page Transport Ltd., Instone Air Line Ltd., Daimler Airway, and British Marine Air Navigation Co.) merged to form Imperial Airways Ltd., one of the pioneers of intercontinental air routes. Inheriting 1,760 miles (2,830 km) of British and cross-Channel routes, Imperial Airways spanned Europe and Asia as far as India, Malaya, Hong Kong, and Australia and linked imperial territories in Africa as far as South Africa. Meanwhile, three other airlines (Hillman's Airways Ltd., Spartan Air Lines Ltd., and United Airways Ltd.) had merged in 1935 to form British Airways, to handle domestic and northern European flights. In November 1938, following parliamentary investigations of alleged inefficiencies, the government decided to merge and nationalize Imperial Airways and British Airways. The result was the British Overseas Airways Corporation (BOAC), formally established on Nov. 24, 1939. On Aug. 1, 1946, British European Airways (BEA), formerly a division of BOAC, was split off to become a government corporation in its own right, responsible primarily for British air services in the British Isles and continental Europe. On May 2, 1952, BOAC introduced the world's first pure-jet scheduled passenger service (from London to Johannesburg) with the de Havilland Comet 1. On Oct. 4, 1958, it began operating the world's first transatlantic jet service (between London and New York City). Following recommendations of a special committee, Parliament enacted the Civil Aviation Act of 1971, which led in 1974 to the formal dissolution of BOAC and BEA and the vesting of their assets and liabilities in the new British Airways. One of its first achievements was the inauguration (jointly with Air France) of the world's first scheduled supersonic passenger service on Jan. 21, 1976, using the Concorde (the British flying initially from London to Bahrain and, in 1977, to New York City, the French from Paris to Rio de Janeiro). In early 1987 the British government sold off British Airways to the public by means of a huge stock offering. Later that year the newly privatized company acquired its smaller British rival, British Caledonian Airways, which had routes between Britain and the United States. British Airways remained one of the largest air carriers in the world.