News

British Airways Secures £2bn Loan

British Airways Secures £2bn Loan

On January 4, IAG confirmed that it had secured financing to help British Airways recover from the continuing effects of the pandemic.

A syndicate of banks has underwritten the loan and it has been partially guaranteed by the state-backed UK Export Finance, the country’s export credit agency. The terms of the loan outline that BA can pay it back at anytime over the next five years.

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Fionn Davenport is the editor-in-chief of the ITTN group, including ITTN and ITTN Ireland. He's one of Ireland's best-known travel journalists and writers, with nearly 30 years' experience writing guidebooks for Lonely Planet and others.

More in News

Brits Won’t Need Covid Test to Enter Spain

Fionn DavenportMay 12, 2021

NCL Unveils Prima Class, the First for a Decade

Fionn DavenportMay 12, 2021

Azamara Unveils Health Protocols Ahead of Return to Sailing

Fionn DavenportMay 12, 2021

Tui Group Looks to Strong Summer Amid Mounting Losses

Fionn DavenportMay 12, 2021

‘Thousands Will Fly from Belfast Next Month,’ Irish Travel Agents Warn

Fionn DavenportMay 12, 2021

Varadkar: Travel Restrictions Between Ireland and Britain Should be Lifted During Summer

Fionn DavenportMay 12, 2021

Live in the Canary Islands Free for Six Months!

Fionn DavenportMay 12, 2021

PATA Welcomes New Members & A New Partner

Fionn DavenportMay 12, 2021

Etihad Airways Introduces ‘Verified to Fly’ Travel Document

Fionn DavenportMay 12, 2021

Copyright © 2021 ittn