Whether for good or bad, whether the end result is ‘favourable’ or not ..... there is little doubt that changes are being planned. That much is no secret.
Alex Cruz touched on impending changes during an event I attended almost exactly 12 months ago (the annual World Travel Market, Excel Arena, London. I can’t recall right now whether the comments came in the speech itself or in the subsequent audience Q&A, but he said he was about to hold internal discussions with the guy who runs Avios.
And since then, much more perspective has been added on this in a piece ran a while back by HfP, where relevant sections of an interview given by AC to the South China Morning post - and which included much discussion on BAEC - is carried.
https://www.headforpoints.com/2018/0...es-avios-baec/