Independent journal on economy and transport policy
01:37 GMT+2
BA weighs up £1bn rights issue
(The Times)
December 11, 2001
By Jon Ashworth
BRITISH AIRWAYS is considering a £1 billion rights issue as part of a restructuring programme to be unveiled in February.
The issue would accompany a reorganisation under which BA would drop loss-making European routes, scale back operations at Gatwick and divest its 25 per cent stake in the Australian carrier Qantas. Job losses are inevitable, ...... Read more on The Times
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