Business formation and purpose Lab Report Example | Topics and Well Written Essays - 2000 words

Business formation and purpose - Lab Report Example All these four airline services were integrated on 31st March 1974 to form British Airways. BA continued its operations for almost 13 years as a state-owned company. In February 1987, the BA was privatised as part of the Conservative government’s wider privatisation plan. Soon after its privatisation in 1987, the company acquired British Caledonian in the same year, Dan-Air in 1992, and British Midland International in 2012 so as to promote its global expansion. BA is a member of the Oneworld airline alliance along with other founding members like American Airlines, Qantas, Canadian Airlines, and Cathay Pacific. Today the Oneworld alliance has become the world’s third largest airline alliance after SkyTeam and Star Alliance. On 21st January 2011, BA merged with Iberia to form the International Airlines Group (IAG), which is the parent company of BA. IAG is the third largest airline group in the world and the second largest in Europe by annual revenues. It has been liste d on the London Stock Exchange and in the FTSE 100 Index. The BA operates under airline industry. While analysing the industrial classifications of the BA, it seems that the company maintains four major subsidiaries including BA CityFlyer, OpenSkies, British Airways Limited, and British Airways World Cargo. The BA CityFlyer, Didsbury based wholly owned subsidiary airline of BA, operates a number of European and domestic services from London City Airport. This BA subsidiary has gained a United Kingdom Civil Aviation Authority Type A operating licence to carry passengers, cargo, and mail on aircrafts having 20 seats or above. In 2008, the BA CityFlyer signed a contract with Embraer to obtain the delivery of 11 E-Jet aircrafts for the purpose of modernising the fleet. In addition, the organisation ordered 3 extra Embraer 190 aircraft in late 2013. According to official data, the company carried roughly 1.2 million