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22nd February 2021 | 19:02

#71 (permalink)

SWBKCB

Joined: Apr 2003

: PPL

Posts: 10,567

Likes: 798

From: Northumberland

Quote:

International Airlines Group (IAG) said a loan and deal on deferred pension contributions had boosted BA's liquidity by £2.45bn as the industry burns through cash due to COVID-19 restrictions.

Under the pension scheme agreement, worth £450m, the airline will pay no dividends to IAG before the end of 2023 in return for delaying deficit contributions due between October 2020 and September 2021.

https://news.sky.com/story/british-a...lence-12225535

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