British Airways Pledges 48 Aircraft to Raise $750 Million Loan
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British Airways raised $750 million in secured loans through a credit facility arranged by Citibank and backed by 48 aircraft as collateral.
The unit of IAG SA pledged 40 Airbus SE narrow-body jets and eight Boeing Co. wide-bodies as part of the deal, according to a filing on the U.K.’s Companies House website.