Video Credit: Reuters Studio - Duration: 01:25s - Published
British Airways retires 747 fleet early
British Airways, the world's largest operator of Boeing 747s, will retire its entire jumbo jet fleet with immediate effect after the novel coronavirus pandemic sent air travel into freefall.
IAG, the owner of British Airways, said it planned to raise 2.75 billion euros from shareholders to prop up its finances and allow it to survive what could be a longer-than-expected collapse in flying,..
British Airways-owner IAG plans to raise money from investors and avoid a government bailout, according to Reuters sources. Julian Satterthwaite reports.
According to CNN Business, British Airways will retire 31 Boeing 747 jets, four years ahead of schedule.
The coronavirus pandemic has wiped out the demand for air travel, and many airlines are cutting..
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