Credit: British Airways gets £ XNUMX billion

Marshaller at Salzburg Airport (Photo: Salzburg Airport Presse).
Marshaller at Salzburg Airport (Photo: Salzburg Airport Presse).

Credit: British Airways gets £ XNUMX billion

Marshaller at Salzburg Airport (Photo: Salzburg Airport Presse).
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British Airways will receive a loan of two billion pounds sterling in light of the consequences of the coronavirus pandemic. This is provided by a bank consortium. The United Kingdom guarantees a part of the amount through UK Export Finance.

The parent company International Airlines Group announced that the first tranche is expected to be called in January 2021. The funds are to be used to improve British Airways' liquidity. With the credit line, the IAG subsidiary wants to position itself more flexibly. The group of companies assumes that demand will stabilize again in summer 2021.

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Editor of this article:

René Steuer is an editor at Aviation.Direct and specializes in tourism and regional aviation. Before that, he worked for AviationNetOnline (formerly Austrian Aviation Net), among others.
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René Steuer is an editor at Aviation.Direct and specializes in tourism and regional aviation. Before that, he worked for AviationNetOnline (formerly Austrian Aviation Net), among others.
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Nobody likes paywalls
- not even Aviation.Direct!

Information should be free for everyone, but good journalism costs a lot of money.

If you enjoyed this article, you can check Aviation.Direct voluntary for a cup of coffee Coffee trail (for them it's free to use).

In doing so, you support the journalistic work of our independent specialist portal for aviation, travel and tourism with a focus on the DA-CH region voluntarily without a paywall requirement.

If you did not like the article, we look forward to your constructive criticism and / or your suggestions for improvement, either directly to the editor or to the team at with this link or alternatively via the comments.

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