Ba Unveils Gbp 600m Emergency Plan

The ScotsmanJuly 24, 2009

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Summary


BRITISH Airways yesterday unveiled plans to raise more than GBP 600 million in emergency funding as the embattled airline seeks to navigate a path through industry turbulence.

The former flag carrier also revealed it was on course for first- quarter operating losses of GBP 100m - "slightly better" than market expectations.

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Ba Unveils Gbp 600m Emergency Plan

Fundraising plans include transferring about GBP 330m of bank guarantees from BA's pension fund back to the airline.

BA also...

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