IAG said on Friday (31 July) it is seeking to raise €2.75 billion (£2.5 billion) after posting a €4.2 billion (£3.8 billion) first-half loss, down from an €806 million (£730 million) first-half profit this time last year.
The move has been backed by IAG’s largest shareholder Qatar Airways, which holds a 25% stake in the group, and will be put to shareholders for approval in September.
The cash would be underwritten by Goldman Sachs, Morgan Stanley and Deutsche Bank.
