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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