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.