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Fresh moves by IAG and KLM to weather the crisis

Video Credit: Reuters Studio
Published on July 31, 2020 - Duration: 01:44s

Fresh moves by IAG and KLM to weather the crisis

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, while KLM, the Dutch arm of Air France-KLM, said on Friday it would cut 1,500 additional jobs.

Ciara Lee reports

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KLM

Flag carrier airline of the Netherlands

International Airlines Group

British-Spanish multinational airline holding company


Air Franceโ€“KLM

airline holding company in Europe

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