Dec 31, 2020 SOURCE: AFP
Virus-hit British Airways secures £2bn loan
British Airways, facing slumping demand due to coronavirus, has secured a £2.0-billion ($2.7-billion, 2.2-billion euros) loan, parent group IAG said Thursday as it also unveiled a Brexit-propelled overhaul.
BA, which is slashing thousands of jobs as it battles to survive fallout from the deadly Covid-19 pandemic, also currently faces industrial...
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