Half Year Results 

IAG seeks to raise €2.75bn and renegotiate Air Europa deal

IAG seeks to raise €2.75bn and renegotiate Air Europa deal

International Consolidated Airlines Group (IAG) has been backed by its largest shareholder, Qatar Airways, as it plans to raise €2.75bn (£2.48bn) pending shareholder approval. The group, which owns British Airways, recorded an exceptional charge of €2.1bn in its interim results, which was linked to losses on fuel hedging derivatives and the impairment of aircraft.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now