Business
Qatar To Increase IAG’s Capital As Part Of €2.75 Billion Proposal – Simple Flying
Owner of British Airways IAG has today revealed plans for a rights issue amounting to as much as
Owner of British Airways IAG has today revealed plans for a rights issue amounting to as much as $3.6 billion, in the wake of posting huge losses for the first half of 2020. The group, which also owns Aer Lingus, Iberia, and Vueling, has revealed a 4 billion ($4.76 bn) loss due to what it calls an unprecedented crisis. The move has been supported by its largest shareholder, Qatar Airways, which controls 25.1% of the IAG share pool.
BA owner IAG is looking to raise a couple of billion. Photo: Ni…
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