British Airways is not only the flag carrier and the largest airline in the UK, but it’s also among the world’s major air transport companies. The airline’s history began in 1924 with the formation of Imperial Airways. In 1974 British Overseas Airways Corporation and British European Airways had merged to form British Airways. In 1987 the company was privatized by the Thatcher government and made its debut on the London and New York stock markets. The British carrier serves over 160 destinations across 6 continents. British Airways is a co-founder of the Oneworld alliance.