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British Airways owner IAG boosts liquidity with €800m convertible bond


British Airways owner IAG boosts liquidity with €800m convertible bond
(AFP via Getty Images)
British Airways owner IAG is tapping investors for €800m to strengthen its balance sheet and take advantage of the easing of restrictions this summer. 
The FTSE-listed company has been hit hard by the pandemic with most of its fleet grounded due to travel restrictions. It has a weekly cash burn rate of €175m meaning its main focus during the pandemic has been on raising funds. 
Last week IAG, which also owns Aer Lingus, Iberia and Vueling, said it had liquidity of €10.5bn, helped by a recent rights issue, as well as a revolving credit facility.  ....

United Kingdom , Luis Gallego , Aer Lingus , British Airways , Stephen Gunning , ஒன்றுபட்டது கிஂக்டம் , லூயிஸ் களிலெகோ , ஆர் லிங்கஸ் , பிரிட்டிஷ் வானெறிக்குழுப்பெயர் , ஸ்டீபன் துப்பாக்கி சூடு ,