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16 December 2019 The on-line newspaper devoted to the world of transports 09:37 GMT+1

December 11, 2001

BA weighs up £1bn rights issue

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, ......
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