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British Airways Secures £2bn Loan

British Airways Secures £2bn Loan

On January 4, IAG confirmed that it had secured financing to help British Airways recover from the continuing effects of the pandemic.

A syndicate of banks has underwritten the loan and it has been partially guaranteed by the state-backed UK Export Finance, the country’s export credit agency. The terms of the loan outline that BA can pay it back at anytime over the next five years.

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