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2007/08 Annual Report and Accounts
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Principal investments

Investments in subsidiaries

The following table includes those principal investments which significantly impact the results or assets of the Group.

These subsidiaries are wholly-owned except where indicated.

  Principal activities Country of incorporation and registration and principal operations
Air Miles Travel Promotions Ltd Airline marketing England
BA & AA Holdings Ltd Holding Company England
BA Cash Management LP Investment Company England
BA Cityflyer Ltd Airline operations England
BA European Ltd (trading as OpenSkies) Airline operations England
Britair Holdings Ltd Holding Company England
British Airways 777 Leasing Ltd Aircraft financing England
British Airways Avionic Engineering Ltd Aircraft maintenance England
British Airways Capital Ltd (89 per cent of founders’ shares owned) Airline finance Jersey
British Airways Holdings Ltd Airline finance Jersey
British Airways Holidays Ltd Package holidays England
British Airways Interior Engineering Ltd Aircraft maintenance England
British Airways Leasing Ltd Aircraft financing England
British Airways Maintenance Cardiff Ltd Aircraft maintenance England
British Airways Regional Ltd Air travel services England
Speedbird Cash Management Ltd Investment Company Bermuda
Speedbird Insurance Company Ltd Insurance Bermuda
The Plimsoll Line Ltd Holding Company England

Investments in associates

  Percentage of equity owned Principal activities Country of incorporation and principal operations
Iberia, Lineas Aéreas de España, S.A. (’Iberia’)* 13.15 Airline operations Spain

Available for sale and other investments

  Percentage of equity owned Principal activities Country of incorporation and principal operations
Airline Group Ltd 16.7 Air traffic control holding company England
Flybe Group Ltd* 15.0 Airline operations England
Comair Ltd* 10.9 Airline operations South Africa

*Not owned directly by British Airways Plc.

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