British Airways-owner IAG said on Monday it had raised total liquidity by 2.45 billion pounds ($3.4 billion) by deferring pension contributions and finalising a loan, which will help it survive the travel slump for longer.
British Airways secures £2bn loan facility from 11 banks flightglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from flightglobal.com Daily Mail and Mail on Sunday newspapers.
British Airways will draw on its £2bn UK government-backed facility by the end of this month, as its owner International Airlines Group continues to look at other debt options to improve its liquidity.
British Airways will draw on its £2bn UK government-backed facility by the end of this month, as its owner International Airlines Group continues to look at other debt options to improve its liquidity.