The London-based company said it was planning a meaningful return to flying in July, though full-year passenger capacity will still only be half the usual level.
LONDON: British Airways parent IAG SA has said it is tapping United Kingdom 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 yesterday.
The London-based company said it was planning a meaningful return to flying in July, though full-year passenger capacity will still only be half the usual level.
IAG is already slimming down for a tougher future, with British Airways planning to slash 12,000 jobs or 30% of the workforce.
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