IAG Increases Capital, Proceeds With Air Europa Acquisition
Credit: IAG
LONDON—International Airlines Group (IAG) has confirmed plans for a capital increase of up to €2.75 billion ($3.2 billion) to bolster its cash reserves, as it announced a net loss of €3.8 billion for the first half of 2020. Announcing its interim results July 31, IAG said that the capital infusion...
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