Privatisation - British Airways

Sir John King, later Lord King, was selected as Chairman in 1981 with the mission of preparing the airline for privatisation.When King knew Colin Marshall as CEO in 1983. King was credited with turning just about the loss-making giant into one of the most profitable air carriers in the world, boldly claiming to be "The World's Favourite Airline", while many other large airlines struggled. The airline's flotilla and route map were overhauled in the early years of King's tenure, with brand and advertising experts being recruited to overhaul the airline's image. Over 23,000 jobs were shed in the early 1980s, though King managed the extensive trick of boosting staff morale and modernise operations at the same time. Lord King also recognised the importance of Concorde to the company's business plan, and used the supersonic airliner to win business customers by guaranteeing a certain number of Concorde upgrades in return for corporate accounts with BA.

The flag carrier was privatised and floated on the London Stock Exchange in February 1987 by the traditional government, with the initial share offering being 11 times oversubscribed. In April 1988 British Airways effected the contentious takeover of Britain's second-force airline British Caledonian, and in 1992 absorbed Gatwick-based carrier Dan-Air.

British Airways

British Airways is the major airline of the United Kingdom. It is also one of the biggest airlines in the world, with more flights from Europe across the Atlantic than any other operator. Its main hubs are London Heathrow and London Gatwick, with wide-reaching European and conjugal shorthaul networks, including smaller hubs at other UK airports including Manchester, from which some longer-haul flights are also operated.

The airline's origins go back to the birth of civil aviation and the original days after the First World War. On 25 August 1919 its predecessor company, Aircraft Transport and Travel, launched the world's first daily international scheduled air service, between London and Paris. On 31 March 1924, Britain's four hatchling airlines - Instone, Handley Page, Daimler Airways and British Air Marine Navigation - merged to form Imperial Airways, which developed its Empire routes to Australia and Africa.

Luxury box

Luxury box or luxury group is the North American term for a special seating section in arenas, stadiums and additional sports venues. In the United Kingdom the provisions second-hand are corporate box, executive box and private box. They are characteristically in the mid-section of the stadium, affording the best views of the sporting event. Some have glass panels that can be retracted, in order for the spectators to feel closer to the action of the sporting event. The inside of a luxury box characteristically includes a bar, several televisions sets, a row of seats and a private bathroom. The boxes are usually catered, with shrimp and sushi being common foods. The rent to a box also comes with a personal parking space, and a private entrance.

C. Richard Vaugh Towers, luxury boxes at Carter-Finley StadiumMost luxury boxes are rented by contract on a yearly basis, though some are bought in a manner similar to that for a condominium. These methods usually grant access to the box by the leaseholder or owner for every event held at the venue. Only some stadiums rent them on a per-event basis. Prices vary from US$5,000 up to the millions of dollars.

Knife box

The knife-box is one of the most pleasant of the minor pieces of furniture which we owe to the artistic taste and mechanical ingenuity of the English cabinet-makers of the final quarter of the 18th century. Some of the most graceful were the works of Adam, Hepplewhite and Sheraton. Occasionally flat-topped boxes, they were most regularly either rod-shaped, or tall and narrow with a sloping tip necessitated by a series of raised veins for exhibiting the handles of knives and the bowls of spoons. Mahogany and satinwood were the woods most regularly employed, and they were occasionally inlaid with marqueterie or edged with boxwood. These attractive receptacles still exist in large numbers; they are often converted into stationery cabinets.