• IAG unveils plans for €1 billion bond difficulty | Information

    Worldwide Airways Group has launched a brand new €1 billion bond difficulty to regular firm funds because it awaits the reopening of journey. Proceeds from the bond funding are earmarked for ‘common company functions’ together with the strengthening of the steadiness sheet and monetary help for “a extra extended downturn in air journey”. Moreover, the group of flag-carrier airways stated the injection can present operational and strategic flexibility to make the most of a restoration in demand, because it arises. IAG owns British Airways, Aer Lingus, Iberia and Vueling. The bonds are being offered in two tranches of €500 million, with the primary (Collection A) attributable to mature in March…