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IAG unit British Airways extends $1.38bn credit facility by a year

Mon, 30th Mar 2020

International Consolidated Airlines said subsidiary British Airways had extended a $1.38bn revolving credit facility for one year to 23 June 2021. IAG said it had total undrawn general and committed aircraft financing facilities equivalent to €2.1bn, including the extended facility and some recently arranged smaller facilities. The company also had cash, cash equivalents and interest-bearing deposits of €7.2bn. 'In addition, the group is exploring a number of operational and treasury initiatives to improve further its cash flow and liquidity and will update the market in due course,' IAG said. At 1:06pm: (LON:IAG) International Consolidated Airlines Group S.A. share price was -6.9p at 204.8p Story provided by StockMarketWire.com

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