IAG says British Airways extends credit facility
Reuters
Published Mar 30, 2020 07:44AM ET
(Reuters) - British Airways has extended its revolving credit facility by one year to June 2021, with $1.38 billion currently available under it, giving the carrier some flesh to weather out hardships due to the coronavirus crisis, its parent company IAG (L:ICAG) said on Monday.
IAG's total cash and undrawn facilities are currently 9.3 billion euros ($10.28 billion), the company said.
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Written By: Reuters
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