British Airways (BA, London Heathrow) has hired art valuers at renowned auction house Sotheby's to put a price tag on several artworks the airline is considering selling to raise cash, the Evening Standard has reported.

According to sources, the airline is looking at selling at least ten artworks, which are currently displayed in the carrier's headquarters near London Heathrow and in its executive lounges.

The airline did not confirm the plan, although it did say earlier that it would look into any possible method of strengthening its liquidity.

Some of the artworks slated for sale could be valued at over GBP1 million pounds (USD1.3 million), although the total amount that the airline could raise has not been disclosed so far. In any case, the sale would be a marginal contribution to the carrier's cash reserve. Its parent IAG International Airlines Group is currently burning through EUR30 million euros (USD33.7 million) per day.

British Airways would most likely replace the sold artworks with items loaned from galleries.