News

BRITISH Airways has insisted The Air Miles Travel Company is not for sale following a failed management buyout attempt by departing managing director Drew Thomson.

Thomson and finance director Robin Wooldridge will leave the company at the end of May after BA management rejected their bid.

A BA spokeswoman said: “We did have an unsolicited approach which we turned down. We have no intention of selling Air Miles.”

Thomson and Wooldridge are now thought to be planning their own loyalty programme-based travel company, although neither was available for comment at the time of going to press.

Despite BA’s denial, other buyers are rumoured to be sniffing around Air Miles.

The BA spokeswoman said: “We haven’t heard of any other bid. We are not looking for a buyer. We may be approached but that doesn’t mean we are going to sell.”

An Air Miles spokeswoman said it was too early to say who would replace Thomson.