{"id":392697,"date":"2021-01-01T09:14:30","date_gmt":"2021-01-01T03:44:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=392697"},"modified":"2021-01-01T09:47:53","modified_gmt":"2021-01-01T04:17:53","slug":"covid-hit-british-airways-secures-2-billion-pound-loan","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/covid-hit-british-airways-secures-2-billion-pound-loan\/","title":{"rendered":"Covid-hit British Airways secures 2 billion pound loan"},"content":{"rendered":"<p>British Airways, facing slumping demand due to coronavirus, has secured a \u00a32.0-billion ($2.7-billion, 2.2-billion euros) loan, parent group IAG said Thursday as it also unveiled a Brexit-propelled overhaul.<\/p>\n<p>BA, which is slashing thousands of jobs as it battles to survive fallout from the deadly Covid-19 pandemic, also currently faces industrial action in a pay dispute with cargo workers at London&#8217;s Heathrow airport.<\/p>\n<p>&#8220;International Airlines Group (IAG) announces that British Airways has received commitments for a five-year term-loan Export Development Guarantee Facility of \u00a32.0 billion underwritten by a syndicate of banks, partially guaranteed by UK Export Finance (UKEF),&#8221; the aviation giant said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>British Airways, facing slumping demand due to coronavirus, has secured a \u00a32.0-billion ($2.7-billion, 2.2-billion euros) loan, parent group IAG said Thursday as it also unveiled a Brexit-propelled overhaul. BA, which is slashing thousands of jobs as it battles to survive fallout from the deadly Covid-19 pandemic, also currently faces industrial action in a pay dispute with cargo workers at London&#8217;s Heathrow airport. &#8220;International Airlines Group (IAG) announces that British Airways has received commitments for a five-year term-loan Export Development Guarantee Facility of \u00a32.0 billion underwritten by a syndicate of banks, partially guaranteed by UK Export Finance (UKEF),&#8221; the aviation giant [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176,146,130],"tags":[],"class_list":["post-392697","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/392697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=392697"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/392697\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=392697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=392697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=392697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}