BA owner IAG may ask investors for £1.5bn in emergency fundraising By Ben Harrington For The Mail On Sunday Published: 22:38 BST, 20 June 2020 | Updated: 22:38 BST, 20 June 2020 The owner of British Airways could be looking to raise up to £1.5billion of fresh cash, investors say. International Consolidated Airlines Group (IAG) … Read more
British Airways’ owner could slash thousands more jobs as airline industry faces its ‘greatest crisis’ By Francesca Washtell For The Daily Mail Published: 22:16 BST, 11 May 2020 | Updated: 22:53 BST, 11 May 2020 British Airways’ owner could slash thousands more jobs as the airline industry faces its ‘greatest crisis’. IAG has already announced … Read more
British Airways owner IAG secures £900m loan from Spanish government – but it can’t be used to help stricken UK airline which is cutting 12,000 jobs amid coronavirus crisis International Airlines Group has received a £900m loan from the Spanish govt IAG is the parent company of British Airways which is loosing 12,000 jobs The … Read more
British Airways will make up to 12,000 workers redundant as owners IAG say it will take airline years to recover from coronavirus crisis Madrid-based IAG says portion of BA’s 45,000 staff now face redundancy News of redundancies comes weeks after owners aced £300mn payout scheme British Airways previously axed all flights in and out of … Read more