British Airways to sell at least 10 works of art from its extensive collection to boost its cash reserves amid coronavirus pandemic
A British Airways passenger plane comes in to land at London Heathrow airport, following the coronavirus outbreak, London, Britain, May 21, 2020.
British Airways will sell at least 10 works of art from its extensive collection, a source said, to try to raise millions of pounds to boost its cash reserves as it struggles through the coronavirus pandemic. The airline has come under fire from British politicians for plans to cut 12,000 jobs. But with planes grounded and no revenue, it says the job losses are necessary because travel demand is set to shrink in coming years.
The BA collection includes works by Damien Hirst, Peter Doig and Bridget Riley, and selling off some of the works, which usually hang in executive lounges at airports, was an idea from a BA staff member, a source familiar with the situation said on Thursday.BA boss Alex Cruz said last week that with its parent company IAG burning through $223 million a week, he could not guarantee BA's survival and urged unions to engage over the job cuts.
The airline has said it is taking steps now to reduce up to 28 percent of staff numbers to protect as many jobs as it can in the long term.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
British Airways to put artworks on sale in COVID-19 cash crunchBritish Airways will sell at least 10 works of art from its extensive collection, a source said, to try to raise millions of pounds to boost its cash reserves as it struggles through the coronavirus pandemic.
続きを読む »
Georgia's election chaos is a 'cautionary tale' for the Trump-Biden raceCash-strapped state budgets and dramatic changes expected in voting behavior have fueled concerns among advocates about whether the ballot box will be safe and accessible to all Americans.
続きを読む »
Providing aid to states a bigger economic boost than tax cuts: CBO - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
続きを読む »
U.S. food makers stock up on ingredients in case of another coronavirus surgeHoarding cash during a pandemic might seem prudent, but America’s packaged food companies are finding it’s better to stock up on stuff they can sell.
続きを読む »
Banksy Painting Stolen From Paris’ Bataclan Concert Hall Found In ItalyPolice announced Wednesday that the artwork was recovered from an abandoned farmhouse.
続きを読む »
Banksy Painting Stolen From Paris’ Bataclan Concert Hall Found In ItalyPolice in Italy recovered a stolen mural painted by Banksy on the doors of the Bataclan concert hall in Paris—believed to be the artist’s tribute to the victims of the 2015 massacre—in a small Italian city, prosecutors announced today
続きを読む »