Air Transport World

British Airways.(Europe)(Brief Article)

An era ended for BA and the entire aviation community when the airline retired its Concorde fleet last October. As the group reduced its total fleet by 39 aircraft in FY04, Chief Executive Rod Eddington said BA would not be a customer for either the 7E7 or the A380 in the near term. Speaking to an analysts' conference, he said he wants to lower the company's debt load from 4.5 billion [pounds sterling] ($8.3 billion) to 3 billion [pounds sterling] before taking on any new borrowings to support aircraft purchases. And that has not occurred, although BA was able to cut its net debt by 991 million [pounds sterling] to 4.16 billion [pounds sterling] at the end of March, its lowest level since Dec. …

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