SHARE
British Airways owner not planning to tap shareholders for capital
© Cyprus Mail | British Airways owner not planning to tap shareholders for capital

British Airways owner IAG (ICAG.L) is not planning to raise billions of euros from shareholders to get the company through the extended COVID-19 crisis, its chief executive Luis Gallego told The Sunday Times.
“We do not see the necessity to do a rights issue and are not considering it,” Gallego told the newspaper adding that the company was talking through “different options” with banks.
The comments come after media speculation about the company’s plans t….. Read More On: Cyprus Mail

Article Source: Cyprus Mail
The contents of this article including any associated images are © Cyprus Mail