Álex Cruz

British Airways sold some of his multi-million-pound art collection to raise cash to help him through the Corona-Virus-pandemic.

The Collection includes art by Damien Hirst , Bridget Riley and Peter Doig , with a thesis were assumed, a value of More Than £1m.

It is understood that a minimum of 10 pieces have been identified For Sale , although exactly what is unclear.

BA has seen a collapse of air travel and cut thousands of jobs.

last week, BA chief Alex Cruz warned that the cash-strapped Airline 's survival was At Stake unless it was a drastic restructuring of the company.

London Evening Standard newspaper, said Auction House Sotheby's brought in to arrange the sales as soon as possible.

Other works in the BA's collection to find works from Tracey Emin , Anish Kapoor and Chris Ofili . The Airline would not comment on the sale, see what works go under The Hammer .

But The Most important piece is probably from Bridget Riley , and is worth, according to a source, "at least seven figures". It was in BA's possession for More Than 30 years, the value is increasing significantly since the purchase.

Like most airlines, BA Finance, has been made, the lockdown by the grounding of the aircraft by The Virus . The Airline proposes to 12,000 staff roles redundant, with More Than 1,000 pilots in danger.

BA said it was acting now to protect as many jobs possible and insisted no final decision has been made on The Number of jobs to go.

the plans for job cuts have triggered a bitter row with the trade unions, and BA was accused by some deputies of the use of the pandemic as a pretext for the restructuring of the Airline .

Source of news: bbc.com