SUBSCRIBERS
BA parent IAG will tap UK government support to survive long slump
Published Thu, May 7, 2020 · 09:50 PM
London
BRITISH Airways parent IAG SA said it is tapping UK government support to boost liquidity as the Covid-19 outbreak depresses travel demand for years to come.
IAG will access the UK's Coronavirus Corporate Finance Facility after already receiving support in Spain, according to a statement Thursday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Huawei’s smart car tech offers automakers route to China sales
Sri Lanka to hand management of China-built airport to India, Russia companies
Tesla’s plan for affordable cars takes page from Detroit rivals
Toyota is investing US$1.4 billion to build another all-electric SUV in US
Airbus net profit soars 28% in first quarter
AirAsia discloses new listing plans under RM6.8 billion units merger