McLaren eyes British Airways as sponsor

UPDATE In a desperate move to try to recover from their worst annual loss of over $600m this fiscal year, British Airways has asked its 40,000 or so employees to help battle the “tough market conditions" by working for free. Coming on the heels of a 2,000 employee job slicing British Airways will ask employees to either take a 1-4 week unpaid leave, or come to work for no pay during that time span. British Airways CEO Willie Walsh (left) took the “initiative" and said he would renounce his salary for the month of July.

But don’t expect such a heroic move to be taken as so, as Big Willie makes more in a month than most British Airways employees make in a year! Willie Walsh makes £735,000+ per year, or £61,000 per month. A basic salary, just for reference, at British Airways is £11,000 yearly.

06/20/09 (GMM) McLaren is reportedly in talks with British Airways about a sponsorship for 2010.

The business publication Domain-B said the airline's negotiations are being handled personally by its CEO Willie Walsh.

Woking based McLaren-Mercedes was sponsored by the Dubai airline Emirates in 2006.