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British Airways owner IAG had a torrid 2020, to put it lightly, but things are looking up for Britain’s flag carrier after it secured a £2billion loan yesterday that it will be able to start tapping into this month. The facility has been underwritten by banks and partly by UK Export Finance, a Government arm … Read more
BA owner IAG to buy Spanish budget airline Air Europa for £450m – half the price it initially agreed By Daily Mail City & Finance Reporter Published: 21:50 GMT, 18 December 2020 | Updated: 21:50 GMT, 18 December 2020 British Airways’ owner will buy a Spanish budget airline for half the price it initially agreed … Read more
British Airways-owner IAG warns it could need to raise even more cash if there are prolonged lockdowns after it posted a mammoth £5.6bn loss By Daily Mail City & Finance Reporter Published: 22:07 GMT, 30 October 2020 | Updated: 22:19 GMT, 30 October 2020 British Airways-owner IAG warned it could need to raise even more … Read more
I am a shareholder in IAG, or British Airways. I received a prospectus from Computershare for the IAG offer of buying new shares for holders of original shares. I have read the prospectus and decided on my course of action. Reading the prospectus it informs me that I should phone Computershare on the number it … Read more
British Airways owner IAG is cutting flights between October and December by 60% because of Covid travel and quarantine restrictions Between October and December they expect to operate 60% less capacity They don’t expect passenger demand to return to 2019 levels until 2023 Aviation industry has been devastated by Covid-19 causing severe job losses By … Read more
BA owner hit by row over departing boss Willie Walsh’s bonus as investors back £2.5bn IAG fundraising By Francesca Washtell For The Daily Mail Published: 22:39 BST, 8 September 2020 | Updated: 23:02 BST, 8 September 2020 The owner of British Airways faced a shareholder revolt over boardroom pay as it secured a £2.5billion lifeline … Read more
Willie Walsh has stepped down from the top job at British Airways owner IAG amid a furious investor protest over pay – after nearly one in three shareholders failed to back his remuneration deal. The International Airlines Group (IAG) revealed only 71.6 per cent of investors approved executive pay awards at its annual shareholder meeting in … Read more
IAG’s new boss to take helm as airline industry reels from biggest crisis in its history By Hugo Duncan for the Daily Mail Published: 21:57 BST, 4 September 2020 | Updated: 21:57 BST, 4 September 2020 IAG’s new boss will take the helm next week as the airline industry reels from the biggest crisis in … Read more
British AIrways’ owner IAG could close its low-cost French airline, putting 200 jobs at risk By Harriet Dennys, Financial Mail On Sunday Published: 21:54 BST, 18 July 2020 | Updated: 21:54 BST, 18 July 2020 British AIrways’ owner IAG could close its low-cost French airline, putting 200 jobs at risk. OpenSkies, which runs IAG’s Level … Read more
MARKET REPORT: IAG shares on the slide as British Airways puts its entire fleet of iconic 747 jumbo jets out to pasture By Francesca Washtell For The Daily Mail Published: 21:51 BST, 17 July 2020 | Updated: 21:51 BST, 17 July 2020 British Airways-owner IAG hit turbulence after the airline said it was scrapping its … Read more