British Airways will sell its stock to the public.

The state-owned airline company’s sale is the latest phase in the Conservative government’s denationalization program, which has already seen state assets such as British Telecom and British Gas successfully sold. It will be sold to the public next month for $902 million, the merchant bank handling the transaction said. Hill Samuel and Co. said 720.2 million ordinary shares would be offered at $1.90 each, to be paid in two installments of 99 cents on application and 91 cents by Aug. 18.