British Airways Airbus planes stored on the tarmac of Marcel-Dassault airport at Chateauroux in France during the outbreak of the Covid-19.
LONDON: British Airways owner IAG launched a heavily discounted rights issue on Thursday to raise 2.74 billion euros ($3.2 billion) to help strengthen its pandemic-hit finances, in a first test of faith in its new boss Luis Gallego.
Airline group IAG, which also owns Iberia, said in a statement that its largest shareholder, Qatar Airways Group, which has a 25.1% holding, had undertaken to subscribe for its pro-rata entitlement in the fully underwritten capital increase.
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