Yes but it's not realistic. Qatar certainly want equity for any cash put in, they absolutely don't want junk bonds. The current market capitalisation is £3.7B. As a non EU state, Qatar can own 49% of IAG, they currently own 25%. Therefore if you issued, by further rights issue, shares which Qatar could buy, that cash could not exceed £1B. That's 1 additional month of survival.
The most likely future outcome is nationalisation.
OR
The Norwegian NAS outcome... You can read about that on the other thread