British Airways’ new short-haul subsidiary to take off in March

A British Airways aircraft moves towards the runway for takeoff at Gatwick Airport. (Shutterstock/File Photo)
Short Url
Updated 14 December 2021
Follow

British Airways’ new short-haul subsidiary to take off in March

  • Tickets to 35 destinations across Europe and North Africa will go on sale from Tuesday, company says

LONDON: British Airways said its new short-haul subsidiary will start flying to 35 destinations, including the Moroccan city of Marrakech, from March next year.

The new airline, which the carrier said would operate under the BA name but exist as an “entirely separate entity,” will be based at London Gatwick Airport.

Tickets for flights to Marrakech, Amsterdam, Berlin and Athens, as well as other destinations in Spain, Portugal and Cyprus, would go on sale from Tuesday, it said.

BA said the subsidiary would initially operate three Airbus aircraft, but hoped to expand that to 18 by the end of May.

The subsidiary will operate similarly to BA CityFlyer, which is based at London City Airport.

“Today is a landmark moment for British Airways,” CEO Sean Doyle said. “The creation of a new British Airways short-haul organization means Gatwick customers will benefit from access to a premium service from the UK’s flag carrier at competitive prices.”

He continued: “We are looking forward to bringing a short-haul network back to Gatwick, with a fantastic flying team in place, to serve our customers from London’s second hub airport, which we feel sure will be a success.”

The airline suspended all of its short-haul services from Gatwick at the end of March 2020, as the COVID-19 pandemic took hold.

The IAG-owned company, historically the Spanish group’s most profitable brand, fell behind other subsidiaries Iberia and Vueling amid the UK’s tougher and longer restrictions on air travel compared with the rest of Europe.


SIDF concludes participation in Momentum 2025

Updated 11 December 2025
Follow

SIDF concludes participation in Momentum 2025

RIYADH: The Saudi Industrial Development Fund concluded its participation in the Development Finance Conference Momentum 2025 organized by the National Development Fund under the patronage of Crown Prince Mohammed bin Salman, prime minister and chairman of the NDF board.

The event was held from Dec. 9 to 11 at the King Abdulaziz International Conference Center in Riyadh.

The conference provided a platform to explore the future of development finance and its role in supporting sustainable growth. It brought together leading thinkers, investors, and decision-makers from around the world to discuss key challenges and opportunities, and to exchange experiences that enhance financing tools and maximize their developmental impact.

SIDF participation underscored its active role in supporting economic development through its financing advisory and knowledge-based programs as well as its diverse initiatives designed to meet the needs and aspirations of manufacturers and investors, aligning with the Kingdom's objectives and Vision 2030 targets.

In a panel discussion on the sidelines of the conference, Prince Sultan bin Khalid bin Faisal, CEO of SIDF, highlighted that the fund has, for more than 50 years, continued to develop its financing and advisory tools to empower national industries and enhance their global competitiveness.

He noted that SIDF has supported more than 4200 projects with total disbursements exceeding SR150 billion ($40 billion), attracting investments of nearly SR800 billion.

Prince Sultan added that the fund is currently focused on creating new financing channels in collaboration with government and private entities to provide sustainable funding for the private sector through mechanisms that attract capital and investors.

He said: “We recently launched the world’s largest supply chain financing program in collaboration with Saudi Aramco and the Saudi Electricity Co., benefiting thousands of suppliers and factories.”

SIDF participation culminated in signing a cooperation agreement with the Saudi Arabia Railways to identify opportunities for industrial sector support and to assist investors in localizing goods and services to increase domestic content.

The Momentum 2025 conference reflects the Kingdom's leading role across various development sectors, highlighting the contributions of its development ecosystem in shaping a sustainable developmental future that delivers economic and social impact in line with Vision 2030 objectives.

The conference serves as a platform for collaboration that advances the implementation of development finance solutions, bringing together leaders from government entities, development finance institutions, investors and innovators from within the Kingdom and abroad.

It aims to strengthen partnerships that align capabilities across the system and translate developmental priorities into actionable initiatives, fostering inclusive and sustainable growth.