FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Report of Foreign Issuer
Furnished Pursuant to Rule 13a - 16 or 15d - 16 of the
Securities Exchange Act of 1934
For the period ending 19 March 2003
BRITISH AIRWAYS Plc
Waterside HBA3, PO Box 365, Harmondsworth UB7 0GB
CONTENTS
1. Announcement re easyjet decides not to
exercise option to buy dba 18 March 2003
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorised.
BRITISH AIRWAYS Plc
Date: 19 March 2003
Sarah BillingtonManager
Shareholder Services
EASYJET DECIDES NOT TO EXERCISE OPTION TO BUY DBA
British Airways today (18th March, 2003) confirmed that easyJet had notified the airline
that it will not exercise the option to buy its German subsidiary, dba (formally Deutsche
BA).
Roger Maynard, chairman of dba and British Airways director of investments and
alliances, said: "While this is disappointing news, these are clearly very difficult
times for the airline industry. However, we have gained significant benefits in the last
few months. easyJet has paid us &~163;6.1 million (8.9 million euros) for the purchase
option.
"We will continue to work towards the long term future of dba and its business
as usual for customers and staff. We have no plans to close the airline and will continue
to develop it as a no-frills carrier. Once some stability returns to the world aviation
market and the German economy recovers, we are confident that dba, with its lower cost
base and significant market share on the routes it operates, will be a viable and
profitable force in the German market whether as part of British Airways or in partnership
with others.
"Now that easyJet will not be buying dba we are free to pursue any approaches being
made by other interested parties".