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  • many British Airways planes have bean parked for months.

  • That means they're costing money, not earning money for parent firm I A G.

  • On Monday, the group said it had secured another $3.4 billion to tide it through the tough times.

  • It's raising the money through alone and deferred pension contributions.

  • Like all airlines, I A G has bean burning through cash after almost a year with minimal revenues.

  • It scrapped it's dividend last April and raised billions in October to help it survive.

  • Countries around the world have tightened travel restrictions in recent months, and it remains unclear when demand will revive I.

  • A G also owns airlines, including Spain's Iberia and Ireland's Air Lingus.

  • In a statement, the firm said it was looking at other debt initiatives to boost its finances.

  • I EG shares rose around 2% in early trade Monday.

many British Airways planes have bean parked for months.

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B1 firm bean monday british liquidity dividend

British Airways owner IAG says pensions deal, loan help boosts liquidity

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    林宜悉 posted on 2021/02/23
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