Jun 11, 2020

British Airways to sell art collection to raise cash

AFP British Airways is selling some of its multi-million-pound art collection to raise cash to help it through the coronavirus pandemic. The collection includes art by Damien Hirst, Bridget Riley and Peter Doig, with one work believed to have been valued at more than £1m. It is understood at least 10 pieces have been identified for sale, although exactly which ones is unclear. The airline would not comment on the sale, nor identify which works would go under the hammer. The airline proposes to make 12,000 staff redundant, with more than 1,000 pilot roles at risk. Plans for job cuts have sparked a bitter row with unions, and BA has been accused by some MPs of using the pandemic as an excuse to restructure the airline.

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