INDEX / DIRECTORY / BRITISH AIRWAYS / ECONOMIC

British Airways ECONOMIC

ECONOMIC AUDIT UPDATED 2026-09-08
Economic Score 3.06 /10 D British Airways - BDS-1000 342
Economic 3.06

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Target: British Airways Plc
Domain: Economic (Economic)
Audit phase: Economic Audit
Date: September 2026
Scope: The research perimeter includes British Airways, its subsidiaries, parent IAG, integrated group cargo and technology businesses, major shareholders, directors and controlling principals. Actor names and operating-carrier distinctions are retained as factual identifiers; they do not exclude parent, integrated-group or principal conduct from this audit.1, 2

Supply Chain & Sourcing Relationships

British Airways’ Israel-facing operations at Ben Gurion International Airport require airport and passenger-service inputs when the route operates, including ground handling, catering, fuel, security and airport services.3, 4, 5 Israel Airports Authority’s current carrier directory specifically lists British Airways PLC at Terminal 3 and identifies QAS as its Ben Gurion ground-services provider.6 This directly establishes a BA–QAS local operational-service relationship, but does not disclose its duration, commercial value, procurement process, full service bundle, or whether QAS handles BA cargo.6

The retained TLVFlights source reports three licensed ground-handling operators at Ben Gurion - QAS, Laufer Aviation-GHI and Aero - while Laufer’s own materials describe ground-handling and catering-related services.3, 4 The QAS directory entry supersedes the earlier uncertainty as to BA’s ground-services provider, but No public evidence identified confirming BA contracts with Laufer, Aero, a named caterer, into-plane fuel supplier, security provider, lounge provider, hotel wholesaler, GSA, passenger-rebooking provider, or cargo handler in BA’s own name.4, 5, 6

BA’s 2023 audited accounts disclose aggregate “handling, catering and other operating costs” and landing/en-route charges, but do not identify a country, airport, supplier, contract value or Ben Gurion counterparty.5 Local airport-service procurement is therefore established at least for QAS ground services, while the broader supplier set and payment values remain unverified.5, 6

IAG Cargo’s current Tel Aviv station page identifies Ben Gurion as a passenger-aircraft station and names Maman as the cargo-handling contact, with a Lod address and import/export service hours.7 This is a named IAG Cargo–Maman station-handling relationship attributable to IAG’s group freight business; it is not, by itself, proof that Maman is BA’s passenger ground handler, that every BA flight uses Maman services, or that Maman holds a BA legal-entity contract.7, 2 IAG Cargo describes itself as the combined freight business using the networks of British Airways, Iberia, Aer Lingus, Vueling and LEVEL, supporting operational integration while not converting every IAG Cargo activity into BA legal-entity revenue or proving a particular shipment travelled on a BA-operated aircraft.2

No public evidence identified of British Airways directly procuring Israeli agricultural produce, importing goods from Israel, using an Israeli importer-of-record entity, or selling Israeli-origin consumer goods.8, 9, 5 No public evidence identified of BA sourcing goods or services from companies located in, or operating within, East Jerusalem, the West Bank, the Golan Heights or Israeli settlements.8, 10, 11, 6, 7, 12

Retained trade-press coverage reported that IAG Cargo expanded Tel Aviv belly-hold capacity in 2016, targeting pharmaceutical exports.13 The current IAG Cargo and Israel Airports Authority materials do not identify pharmaceuticals, or any other commodity, for 2025–26 BA or IAG Cargo traffic; the 2016 account is therefore historical context rather than evidence of current commodity carriage.13, 7, 14, 15

Product Origin, Labeling & Regulatory Compliance

British Airways is principally an air-transport service operator rather than a manufacturer or retailer of physical goods; Companies House lists scheduled and non-scheduled passenger transport, incidental air-transport services and cargo handling among its activities.9 Product-origin labelling obligations for physical goods therefore do not materially apply to BA’s core service, and No public evidence identified of BA importing, re-selling or labelling Israeli- or settlement-origin physical products.8, 9, 5

BA continues to market Israel travel and package holidays online.10, 11 Its Israel holiday page promotes Tel Aviv, Jerusalem, Galilee and Eilat, directs customers to book flights and packages, and describes Jerusalem as “today Israel’s capital.”10 BA’s US-facing Israel page also invites customers to fly to Israel and book an Israel vacation package.11 These pages do not identify a hotel, activity provider or supplier in East Jerusalem, the West Bank, the Golan Heights or an Israeli settlement.10, 11

The Jerusalem wording adopts an Israeli sovereignty framing without qualification.10 No public regulatory finding or enforcement action against British Airways concerning settlement-product origin labelling or this marketing language was identified in the reviewed materials.10, 11, 5 No public evidence identified of settlement-origin goods, a settlement-based hotel or activity supplier, or a BA Israeli procurement contract beyond the named QAS and IAG Cargo–Maman operational-service relationships.7, 6

Investment, Capital & Financial Exposure

British Airways Plc is an active English public limited company, incorporated on 13 December 1983, with registered office at Waterside, Speedbird Way, Harmondsworth, UB7 0GB.16, 9 Its current Companies House entry records latest accounts to 31 December 2025 and a latest confirmation statement dated 31 July 2026.9 BA’s own corporate-information page gives company number 01777777 and UK VAT number 222452988.16

International Consolidated Airlines Group S.A. is BA’s parent and controlling party in its economic-rights structure.17, 18, 5 Companies House records IAG as a Spanish public-company person with significant control, holding at least 75% of BA shares, more than 25% but not more than 50% of voting rights, and director appointment/removal rights; it also records LDC (NCS) Limited as holding more than 50% but less than 75% of voting rights.17 IAG’s 2025 annual report states that it holds 99.65% of BA’s nominal share capital and 49.9% of voting rights, while a trust holds the remaining 0.35% of nominal capital and 50.1% of voting rights for BA’s nationality structure.18

BA’s 2023 audited accounts record a £1.453 billion floating-rate term loan from IAG entered into in November 2020, along with dividend restrictions applying to dividends from BA to IAG through 2025.5 These are parent-group financing arrangements, not Israel-linked financing.5

No public evidence identified of BA holding equity stakes, joint ventures, direct fixed-asset investments, acquisitions or controlling interests in Israeli operating companies, including Israeli manufacturers, technology businesses, consumer brands, infrastructure businesses or defence-linked businesses.8, 18, 5 IAG’s 2025 principal-subsidiary and BA sub-group disclosures do not identify an Israeli operating company; this is disclosure- and search-scoped and does not exclude a non-principal, dormant or subsequently acquired Israeli entity.18

IAG’s 2025 public country-by-country report aggregates jurisdictions outside specified EU/EEA and EU-list reporting requirements into “all other tax jurisdictions.”19 It therefore cannot establish either the presence or absence of Israel-specific revenue, profit, tax, employees, fixed assets, permanent establishments or IAG Cargo branches.19 Its disclosed IAG Cargo Limited branches are in Belgium, France, Germany, Ireland, Italy, the Netherlands, Spain and Sweden, not Israel, but that listing is not evidence that Israel operations or tax presence do not exist.19

No public evidence identified that BA has underwritten Israeli sovereign debt or Israel Bonds, extended Israel-linked lending or trade finance, held an Israel-focused investment fund, or insured Israeli state, military or settlement operations.5 BA does not appear in the reviewed UN settlement-business database reporting or publicly reported divestment materials cited in the earlier audit.8, 20 The deterministic review of specified local OHCHR, Albanese, DBIO, PAX, Who Profits, HRW, Amnesty, Al-Haq, KLP, BDS and insurance-report copies also produced no BA result, but this is document-scoped and does not establish database-wide absence, affiliate activity or future activity.8, 18

BA’s financial exposure to Israel is principally route-level ticket and associated cargo-demand exposure rather than a disclosed Israel-specific capital investment.13, 21, 5 BA reported £14.322 billion aggregate 2023 revenue, including £12.668 billion passenger revenue and £757 million cargo revenue, but its audited accounts do not identify Israel or Tel Aviv as a revenue geography.5

No public evidence identified that Sean Doyle, BA’s currently disclosed directors, IAG’s named directors, Qatar Airways-appointed IAG directors, Qatar Airways Q.C.S.C., or other disclosed IAG significant shareholders hold a material Israeli company investment, Israeli sovereign-debt or Israel Bonds position, settlement-economy relationship, or Israel-linked financing relationship.18, 22, 23, 24 This is an evidence gap rather than a verified negative because the reviewed corporate materials and Qatar Airways annual-report materials are not comprehensive personal, family-office or beneficial-ownership registers.22, 23, 24

Operational Presence & Market Activity

British Airways’ principal Israel-facing commercial activity is the London Heathrow–Tel Aviv passenger route, related flight and holiday sales, local representation and associated IAG Cargo capacity rather than a disclosed Israeli subsidiary or fixed operating investment.13, 25, 26, 27, 18 Before October 2023, secondary reporting described up to two daily BA flights in 2023 and earlier periods with up to three daily rotations using Boeing 777, 787, A350 and A321 equipment; BA introduced Boeing 787 service on the route in 2015.28, 29, 30

Secondary contemporaneous reports recorded BA’s suspension of LHR–TLV services after the 7 October 2023 attack and repeated extensions during 2024.31, 32 BA resumed service on 5 April 2025 on a reduced A321neo basis, with a later plan for twice-daily service from 20 April, according to contemporaneous industry reporting.30, 33 After the 4 May 2025 missile incident at Ben Gurion Airport, secondary reports recorded further suspensions and extensions, including rebooking arrangements involving EL AL.34, 35, 26

The earlier chronology reporting cancellations through at least August 2026 is affirmatively qualified by IAG’s 2025 annual report, which states that its airlines ceased Israel operations until after the September 2025 peace agreement and that British Airways and Iberia resumed flights to Tel Aviv in October 2025.36, 18 Israel Airports Authority records independently confirm BA passenger operations in January and February 2026: 9,840 passengers in January and 8,051 in February, with a February accumulated total of 17,891.15 The March–July 2026 accumulated reports retain 17,891 passengers, consistent with no additional BA passenger traffic recorded after February in those reports.15

BA’s official March 2026 updates stated that Middle East uncertainty and airspace instability prevented Tel Aviv operations in early March and that Tel Aviv flights were cancelled through and including 31 May 2026.37, 38 The IAA’s January–July reports refine rather than negate that announcement: they confirm BA activity before the announced cancellation period but do not record further BA passenger traffic after February.37, 38, 15 BA’s travel notice checked on 8 September 2026 lists Tel Aviv among disrupted Middle East destinations and extends refund eligibility through 31 October 2026, including for flights still scheduled; it demonstrates ongoing disruption and customer arrangements, not a blanket cancellation through October or an actual resumption date.39

BA continues to market Israel commercially despite documented flight disruptions: its Israel flight and holiday pages remained publicly available in 2026 and invited customers to book travel and packages.25, 27, 10, 11 BA also maintains Israel-specific telephone numbers, customer email and a registered-mail address at “Regus c/o British Airways, 7 Sapir St, Herzliya 4685211, Israel.”12, 40 These materials establish local customer representation and commercial engagement, not an Israeli subsidiary, owned office, leasehold, tax registration or employee count.12, 40

IAG Cargo’s Tel Aviv page advertises passenger-aircraft service and import/export station processes, but does not name an operating carrier, frequency, capacity, commodity, client or current acceptance of new freight.7 Israel Airports Authority’s 2025 full-year passenger-aircraft cargo table records BA with 8 tonnes of cargo at Ben Gurion - 7 tonnes incoming and 1 tonne outgoing - compared with 78 tonnes in 2024; its December 2025 table separately records 3 tonnes.14 IAA’s January–July 2026 carrier-level tables record 14 accumulated tonnes of BA passenger-aircraft cargo by February, with that total retained through July.15 These carrier-specific data directly establish BA civilian passenger-aircraft cargo carriage through February 2026, but do not identify cargo-aircraft operations, commodities, shippers, consignees, forwarders, military or civilian end use, route, contract counterparties or revenue.14, 15

Accordingly, the stated IAG Cargo–Maman station relationship does not establish a cargo relationship exceeding the BA passenger-aircraft evidence, and No public evidence identified of a BA/IAG Israel-facing cargo contract with disclosed commodities, counterparties, duration or current shipment volume.7, 14, 15, 2

Adv. Shirly Kazir of FBC represented British Airways in Knesset Economics Committee proceedings concerning foreign-airline return incentives, regulatory certainty, passenger-rights exposure and possible airport-charge measures.41, 42 The 9 December 2024 Knesset record expressly lists BA among airlines she represented.42 Although Globes reported a “political considerations” remark attributed to Kazir, FBC clarified that the remark was not made on BA’s behalf and concerned foreign airlines generally; it should not be treated as a verified British Airways corporate statement.26, 43, 44

Corporate Structure & Foundational Ties

British Airways Plc is an English operating company within a Spanish-parent group structure, not an Israeli-incorporated or Israeli-headquartered company.17, 16, 18 IAG is a Spanish public company registered in Madrid, and British Airways and Iberia completed their merger transaction into IAG on 21 January 2011.18, 23 IAG’s 2025 prospectus states that no individual or legal entity controlled IAG for Spanish Commercial Code purposes as at 29 August 2025.23

IAG’s 2025 disclosure lists British Airways plc as an English airline-operations company and separately identifies IAG Cargo Limited, IAG Connect Limited and IAG Transform Limited as IAG-level businesses.18 The BA sub-group disclosure includes BA and AA Holdings Limited, BA Call Centre India Private Limited, BA Cityflyer Limited, BA Euroflyer Limited, BA European Limited, BA Excepted Group Life Scheme Limited and BA Healthcare Trust Limited.18 BA Holidays Limited is wholly owned by Avios Group (AGL) Limited, while Avios Group is held directly by BA, with BA holding 86% and Iberia Operadora UK Limited holding 14%.18, 45

Sean Doyle is Chair and Chief Executive Officer of British Airways and is a member of IAG’s management committee.18, 46, 23 Companies House lists Andrew Fleming as BA secretary and Alison Brittain, Sarah Clements, Sean Liam Doyle, Martha Lane-Fox and Gabriel Perdiguero de la Torre as active BA directors; Clements and Perdiguero de la Torre were appointed on 1 June 2026, Lane-Fox on 1 November 2024, and Doyle has been a BA director since 12 October 2020.47

At IAG level, Luis Gallego is an executive director and Javier Ferrán a non-executive independent director.22 Bruno Matheu and Robin Phillips are IAG proprietary directors representing Qatar Airways Group Q.C.S.C., which IAG identifies as its only significant shareholder for related-party accounting at 31 December 2025; this does not mean Qatar Airways controlled IAG or directly owned BA.18, 22 IAG’s 2025 prospectus disclosed notified holdings of 24.995% for Qatar Airways Group Q.C.S.C., 3.036% for Europacific Growth Fund, 3.646% for BlackRock Inc. and 5.034% for Capital Research and Management Company.23 IAG’s 27 February 2026 buy-back notice states that Qatar Airways agreed to participate proportionately to maintain its then pre-programme voting-rights level of 25.1434%, but does not confirm its post-programme current holding.48

No public evidence identified of Israeli ownership, an Israeli founding role, Israeli principal place of management, Israeli tax residence, Preferred Technology Enterprise status, Israeli state ownership, Israeli government board appointments, Israeli critical-infrastructure designation or a constitutional mechanism structurally tying BA or IAG to the Israeli state.17, 16, 18, 23 The documented governance mechanism is the BA nationality-trust structure described in IAG’s annual report.18

The named QAS and Maman relationships, BA’s Herzliya correspondence infrastructure, and carrier-specific BA airport activity are attributable to BA or IAG only to the extent stated by their respective primary sources.7, 6, 40 They do not establish an Israeli subsidiary, equity investment, fixed asset, tax presence or group-wide Israeli operating-company relationship.18, 19, 6

Profit Repatriation & Economic Contribution

When the LHR–TLV route operates, BA’s economic contribution to Israel includes QAS ground services, airport charges and other local airport-service expenditure, local commercial representation, passenger traffic and associated cargo connectivity.5, 6, 40 IAG Cargo’s Maman station-handling relationship supports group-level freight connectivity at Ben Gurion, but does not identify BA’s freight-service payments or a particular BA cargo contract.7, 2 The historic IAG Cargo expansion was reported as supporting Israeli pharmaceutical-sector export capacity, although its current scale and commodity mix are not verified in the available evidence.13, 7, 14, 15

IAG’s 2023 economic-impact report records 1,688 metric tonnes of UK-to-Israel exports by IAG airlines in 2019 without separating carriers or commodities.49 Israel Airports Authority separately records 4,530 tonnes of cargo on BA passenger aircraft during 2023 - 3,146 incoming and 1,384 outgoing - directly establishing BA civilian cargo activity without identifying military content or counterparties.50 The 2025 and 2026 IAA data provide further carrier-specific BA cargo figures, but do not disclose the cargo’s economic value, customer or end use.14, 15

The repeated service suspensions and cancellations documented from October 2023 through 31 May 2026 curtailed the route’s direct airport-service, traffic and cargo-related economic activity during those periods.31, 34, 32, 35, 37, 38 IAG’s reported October 2025 BA resumption and IAA-recorded BA operations in January–February 2026 qualify any claim that the route was continuously inactive throughout that interval.18, 15

BA’s 2023 audited report states that customers and colleagues raised more than £25,000 through the BA Better World Community Fund and in partnership with the Red Cross for aid and support for communities affected by the geopolitical situation in Israel.5 The disclosure does not identify the recipient entity, beneficiary location, allocation between Israeli, Palestinian or other affected communities, or a BA corporate cash contribution.5

No public evidence identified quantifying BA’s Israel-specific revenue, profit, tax payments, airport payments, supplier payments, assets, workforce, local payroll, repatriated earnings or country-level cash flows.18, 5, 19 BA reported 37,401 average employees in 2023, including 3,715 overseas employees, but did not disclose an Israel workforce figure, Israeli payroll entity, Israeli tax registration or Israeli tax payments.5 The public country-by-country report cannot resolve those gaps because it aggregates relevant jurisdictions into “all other tax jurisdictions.”19

The Knesset proceedings indicate that BA’s representative sought regulatory and economic conditions intended to encourage foreign-airline return, including possible incentives or reduced airport charges; the public records do not establish that BA committed to return or received a benefit.41, 42

Expanded group and named-principal source review

The current IAG board page names Javier Ferrán, Luis Gallego, Heather Ann McSharry, Eva Castillo, Margaret Ewing, Maurice Lam, Bruno Matheu, Robin Phillips, Simone Menne, Päivi Rekonen and Daniel Pinto. The supplementary operator review searched each named principal for Israel/Palestine conduct and investment leads, alongside the five current BA directors and recent finance-director changes. No additional specific Israeli defence, surveillance, economic investment or conflict-advocacy act was identified in those name-specific searches; this is a bounded search outcome, not proof about undisclosed assets.1, 51

Martha Lane-Fox’s current Parliamentary register identifies her paid-in-equity GiveWheel advice, Lakestar Resilience advice, Lucky Voice holding, SSE shares and a Schroeder fund holding. Lakestar describes a European security and strategic-capabilities mandate; the opened records identify no specific Israeli investee or Israeli state/security deployment. Javier Ferrán’s Terlos launch identifies him and an ADIA subsidiary as limited partners and a European consumer-brand focus. These are actual principal affiliations and vehicles included in the inquiry; no Israeli holding was established in the retrieved records.51, 52, 53

The foundation search located Lane-Fox’s historical Antigone Foundation, correcting the earlier research memo’s failure to locate a principal foundation. The UK Charity Commission lists it as removed; the opened accounts page shows a 2014 annual return and accounts not required, with 2011–2013 accounts receipt dates but no downloadable grant schedules exposed in the retrieved page. Just for Kids Law identifies Antigone as an early supporter. Alison Brittain chairs the King’s Trust Group Company. These facts do not establish an Israel-linked grant; full historical grant-recipient coverage was unavailable, and no current Antigone activity was established.54, 55, 56

Qatar Airways’ official appointment notice identifies Hamad Ali Al-Khater as chief executive from 7 December 2025 and Saad Sherida Al-Kaabi as chairman. They and relevant former airline leaders were searched by name; no specific Israeli military, settlement, surveillance or anti-Palestinian act was identified in this pass. IAG director Daniel Pinto is the JPMorgan executive; no reliable evidence links him to the same-name French/Netanya military-support-charity founder. The Luxembourg governance record identifies Maurice Lam’s Lam & Partners advisory business, avoiding attribution of unrelated namesake investment-agency or lighting-company results.57, 58, 59

IAG Cargo’s combined networks of BA, Iberia, Aer Lingus, Vueling and LEVEL, its TLV Maman service relationship and the documented group freight totals remain in scope as integrated-group activity. The absence of a BA flight number does not remove those group facts; it limits only a statement that BA physically carried a particular shipment.2 In December 2020, IAG’s Hangar 51 programme explicitly involved BA and provided ten weeks of mentoring and testing resources to selected startups, including Israeli Temi, SecuredTouch and Gamitee. The verified historical resource contribution is retained even though investment, paid procurement, production deployment and continuing relationships were not established.60

Footnotes

  1. https://www.iairgroup.com/governance/board-of-directors/ ↩ ↩2

  2. https://www.iagcargo.com/en/trusted-to-deliver/ ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  3. https://www.tlvflights.com/en/ground-handling/ ↩ ↩2

  4. https://www.laufer.group/services/ground-handling/ ↩ ↩2 ↩3

  5. https://www.iairgroup.com/media/2h0hgqdq/british-airways-annual-report-and-accounts-2023.pdf ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11 ↩12 ↩13 ↩14 ↩15 ↩16 ↩17 ↩18 ↩19

  6. https://www.iaa.gov.il/companies/airline-companies/british-airways-plc/ ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9

  7. https://www.iagcargo.com/en/contact-us/tlv/ ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10

  8. https://www.business-humanrights.org/en/latest-news/israelopt-investors-divest-from-companies-linked-to-occupation-genocide-in-palestine/ ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  9. https://find-and-update.company-information.service.gov.uk/company/01777777 ↩ ↩2 ↩3 ↩4 ↩5

  10. https://www.britishairways.com/content/holidays/israel ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7

  11. https://www.britishairways.com/content/en/us/flights/israel ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  12. https://www.britishairways.com/content/en/il/information/legal ↩ ↩2 ↩3

  13. https://supplychaindigital.com/logistics/iag-cargo-significantly-boosts-tel-aviv-route-capacity ↩ ↩2 ↩3 ↩4 ↩5

  14. https://www.iaa.gov.il/media/44bn5ao1/%D7%93%D7%95%D7%97-%D7%97%D7%95%D7%93%D7%A9%D7%99-%D7%93%D7%A6%D7%9E%D7%91%D7%A8-2025-%D7%90%D7%A0%D7%92%D7%9C%D7%99%D7%AA-%D7%9E%D7%95%D7%A0%D7%92%D7%A9.pdf ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  15. https://www.iaa.gov.il/about/aeronautical-information/annualreport/ ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10

  16. https://www.britishairways.com/content/information/about-ba/head-office ↩ ↩2 ↩3 ↩4

  17. https://find-and-update.company-information.service.gov.uk/company/01777777/persons-with-significant-control ↩ ↩2 ↩3 ↩4

  18. https://www.iairgroup.com/media/vdghgv15/iag-annual-report-and-accounts-2025.pdf ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11 ↩12 ↩13 ↩14 ↩15 ↩16 ↩17 ↩18 ↩19 ↩20

  19. https://www.iairgroup.com/media/cpibkql1/public-cbcr-of-iag-uk.pdf ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  20. https://www.aljazeera.com/economy/2020/2/13/un-lists-firms-linked-to-illegal-israeli-settlements-in-west-bank ↩

  21. https://en.wikipedia.org/wiki/IAG_Cargo ↩

  22. https://www.iairgroup.com/media/lraiyqqj/proposed-resolutions-agm-2026.pdf ↩ ↩2 ↩3 ↩4

  23. https://www.iairgroup.com/media/igahkaff/iag-2025-1-prospectus-final.pdf ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7

  24. https://www.qatarairways.com/press-releases/en-WW/assets/236018/ ↩ ↩2

  25. https://www.britishairways.com/content/holidays/israel/tel-aviv ↩ ↩2

  26. https://en.globes.co.il/en/article-british-airways-representative-israel-flights-cancelled-for-political-reasons-1001511622 ↩ ↩2 ↩3

  27. https://www.britishairways.com/content/flights/israel ↩ ↩2

  28. https://simpleflying.com/british-airways-resumes-flights-tel-aviv-twice-daily-service-this-month/ ↩

  29. https://www.businesstraveller.com/news/2015/05/26/ba-to-serve-tel-aviv-with-b787/ ↩

  30. https://www.aerotime.aero/articles/british-airways-returns-to-tel-aviv-after-extended-hiatus ↩ ↩2

  31. https://airlineweekly.skift.com/2023/10/british-airways-latest-to-suspend-israel-flights-as-industry-braces-for-extended-conflict/ ↩ ↩2

  32. https://www.travelandtourworld.com/news/article/british-airways-halts-all-tel-aviv-flights-until-march-2025-amid-surging-israel-lebanon-conflict/ ↩ ↩2

  33. https://skift.com/2025/01/21/british-airways-and-ita-confirm-return-to-israel/ ↩

  34. https://www.headforpoints.com/2025/06/21/british-airways-extends-tel-aviv-cancellations-3/ ↩ ↩2

  35. https://www.presstv.ir/Detail/2025/05/24/748529/UK-British-Airways-extends-flights-cancellation-Israel-Yemen-missile-attack-Ben-Gurion-airport- ↩ ↩2

  36. https://en.globes.co.il/en/article-british-airways-postpones-resumption-of-israel-flights-1001543444 ↩

  37. https://mediacentre.britishairways.com/news/03032026/middle-east-operation ↩ ↩2 ↩3

  38. https://mediacentre.britishairways.com/news/16032026/british-airways-announces-major-winter-2026-expansion ↩ ↩2 ↩3

  39. https://www.britishairways.com/content/information/travel-news ↩

  40. https://www.britishairways.com/content/en/il/information/help-and-contacts/contact-us ↩ ↩2 ↩3 ↩4

  41. https://main.knesset.gov.il/News/PressReleases/pages/press18112024c.aspx ↩ ↩2

  42. https://main.knesset.gov.il/News/PressReleases/pages/press09.12.24sx.aspx ↩ ↩2 ↩3

  43. https://en.globes.co.il/en/article-british-airways-flight-suspension-seen-affecting-entire-industry-1001511229 ↩

  44. https://www.globes.co.il/news/article.aspx?did=1001511577 ↩

  45. https://hotline.britishairways.com/content/information/legal/package-booking-terms-and-conditions ↩

  46. https://www.iairgroup.com/media/021lukd5/iag-fy25-results-transcript.pdf ↩

  47. https://find-and-update.company-information.service.gov.uk/company/01777777/officers ↩

  48. https://www.iairgroup.com/media/aoejm2ks/oir_-anuncio-programa-de-recompra-500m-27022026-esp.pdf ↩

  49. https://www.iairgroup.com/media/ii0dqwtm/iag_economic_impact_in_the_uk_report_may_2023-_final_-_page_-1-_-1.pdf ↩

  50. https://monthlyreport.iaa.gov.il/OpenPdf.aspx?lang=eng&val=202312 ↩

  51. https://members.parliament.uk/member/4275/registeredinterests ↩ ↩2

  52. https://www.lakestar.com/resilience ↩

  53. https://www.prnewswire.com/news-releases/javier-ferran-anuncia-el-lanzamiento-de-terlos-302329104.html ↩

  54. https://register-of-charities.charitycommission.gov.uk/en/charity-search/-/charity-details/4032897/accounts-and-annual-returns ↩

  55. https://www.justforkidslaw.org/about-us/our-trustees-and-patrons/martha-lane-fox ↩

  56. https://kingstrustglobal.org/board-of-trustees/ ↩

  57. https://www.qatarairways.com/press-releases/en-WW/258698-qatar-airways-group-appoints-mr-hamad-ali-al-khater-as-group-chief-executive-officer/ ↩

  58. https://www.jpmorganchase.com/about/leadership/daniel-pinto ↩

  59. https://www.bil.com/en/BIL-group/the-bank/Pages/Governance.aspx ↩

  60. https://www.iairgroup.com/media/utinnw3g/iag20.pdf ↩