BA owner IAG floats rights issue – GulfToday
- Date: 10-Sep-2020
- Source: Gulf Today
- Sector:Financial Markets
- Country:Qatar
BA owner IAG floats rights issue – GulfToday
An aircraft of British Airways at an airport in Chateauroux, France. File/Reuters
British Airways (BA) owner IAG launched a heavily discounted rights issue on Thursday to raise 2.74 billion euros ($3.2 billion) to help strengthen its pandemic-hit finances, in a first test of faith in its new boss Luis Gallego.
Airline group IAG, which also owns Iberia, said in a statement that its largest shareholder, Qatar Airways Group, which has a 25.1% holding, had undertaken to
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