Skip to main content

noComment
BA raising big cash

BA raising big cash

17/07/09 21:03 CET

corporate

| |

Trying to secure its future, British Airways is to raise almost 700 million euros though selling bonds and bank loans.

Half of that money is earmarked for its pension funds in case the airline goes bust. Chief executive Willie Walsh said the cash removes any immediate threat to the struggling carrier. At the same time BA unveiled a quarterly loss of 115 million euros.More about: ,

Copyright © 2012 euronews

| |

Log in
Please enter your login details