Originally Posted by
Panel3
Despite saying he doesn't want a bailout from the British government for BA, IAG (Walsh) has accepted a 1b€ bailout for Iberia and Vueling from the Spanish government.
Please let's stick to the real facts. The Spanish govt hasn't issued a bailout for Iberia and Vueling. They have just offered a credit line throught the ICO (Offical Credit Institute). That is money (liquidity), to avoid the companies collapse. This credit lines have better T&C's than the traditional banks or investors. This "ICO" credits have been also offered to hundreds of company through all the sectors in Spain.
Summing up: Spanish govt has lent money to Iberia and Vlg as a bank. Iberia and Vlg will have to pay back with a more flexible calendar and with less fees.