Updated / Thursday, 31 Dec 2020
16:12
British Airways had received funding of £2 billion for a five-year term loan, which is partially guaranteed by UK Export Finance
Aer Lingus and British Airways owner IAG said today it had changed the composition of its board to ensure a majority of independent EU non-executive directors following Brexit.
IAG s said the changes will ensure that its EU licensed airlines continue to comply with EU ownership and control rules after the UK leaves the European Union.
The airline group said the remedial plans were approved by national regulators in Spain and Ireland and, as required, the EU has been notified about them.
British Airways Gets Commitments For UKEF Guaranteed 5-year Loan Facility
LONDON (dpa-AFX) - International Airlines Group S.A. (IAG.L) said Thursday that British Airways has received commitments for a 5-year term-loan Export Development Guarantee Facility of 2.0 billion pounds underwritten by a syndicate of banks, partially guaranteed by UK Export Finance or UKEF.
UKEF, the UK s export credit agency, provides the Export Development Guarantee to support the working capital as well as capital expenditure needs of UK exporters upon meeting certain criteria.
IAG said British Airways expects to drawdown the facility in January 2021, subject to agreement of final terms with the lenders and UKEF.
British Airways coge aire con un préstamo de 2 200 millones del Estado británico elpais.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from elpais.com Daily Mail and Mail on Sunday newspapers.