Tag Archives: billion

IAG unveils plans for €1 billion bond issue | News

IAG unveils plans for €1 billion bond issue | News

International Airlines Group has launched a new €1 billion bond issue to steady company finances as it awaits the reopening of travel. Proceeds from the bond funding are earmarked for ‘general corporate purposes’ including the strengthening of the balance sheet and financial support for “a more prolonged downturn in air travel”. Additionally, the group of […]

TUI Group secures a further €1.8 billion in emergency funding | News

TUI Group secures a further €1.8 billion in emergency funding | News

Holiday giant TUI has reached an agreement with various partners on a further financial rescue package of €1.8 billion. The deal includes the German Economic Support Fund (WSF), KfW Entwicklungsbank (KfW), commercial banks and the company’s largest single shareholder Unifirm. TUI said it was taking further precautions in view of the rising number of infections […]

Air France-KLM reports €1.5 billion quarterly loss | News

Air France-KLM reports €1.5 billion quarterly loss | News

Air France-KLM has reported a €1.5 billion loss for the second quarter as the Covid-19 continues to take a huge toll on the global aviation sector. This compares to a profit of €1.9 billion for the same period last year. However, in a sign the worst might be over, the group said it hopes to […]

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