§ Mr. Steenasked the Secretary of State for Transport whether he proposes to write off any British Airways losses in 1981–82 and 1982–83 on marginal routes or other losses: and whether he proposes to write off any losses for the current financial year.
§ Mr. David Mitchell[pursuant to his reply, 12 July 1983, c. 312]: British Airways has asked the Government for a reconstruction of its capital and debt structure. The Government have not yet made any commitment to a capital reconstruction, nor to the form or timing of any reconstruction.
§ Mr. Steenasked the Secretary of State for Transport what are Her Majesty's Government' s proposals for denationalisation of British Airways; and which will be achieved in (a) 1983–84 and (b) later years; and if he will make a statement.
§ Mr. David Mitchell[pursuant to his reply, 12 July 1983, c. 311]: The Government intend to sell a controlling stake in British Airways to the private sector as soon as practicable. We have not yet committed ourselves to a firm date.