'British Airways, the UK flag carrier, has extended its dollar revolving credit facility, as the coronavirus-ravaged airline industry continues to reinforce its finances. The facility will now mature in June 2021, after the borrower invoked the first one-year extension option on the loan signed in 2015. BA's owner International Airlines Group said there is $1.38bn available under the extended facility'
Why are all these airlines extending their revolving credit lines when they have no idea how long this is going to last? Surely that is just sinking deeper into someone else's pit of ownership that they will never get out of? Still, no need now to call on UK PLC for support now!