World News

IAG says British Airways extends credit facility

(Reuters) – British Airways has extended its revolving credit facility by one year to June 2021, with $1.38 billion currently available under it, giving the carrier some flesh to weather out hardships due to the coronavirus crisis, its parent company IAG <ICAG.L> said on Monday.

IAG’s total cash and undrawn facilities are currently 9.3 billion euros ($10.28 billion), the company said.

(Reporting by Muvija M in Bengaluru; Editing by Maju Samuel)