According to its first quarter results the airline has begun accounting for the slot acquisitions in the balance sheet. The move has been approved by both its audit committee and its external auditors, Ernst & Young.
The decision comes as the acquisition of more prime Heathrow slots becomes an urgent priority at the highly congested airport.
BA, the leading operator at Heathrow, controls around 39% of total slots. The new category ‘landing rights’ under intangible assets included in its results valued the rights at £42m.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016