Simple Flying - Tom Boon
British Airways has mortgaged 48 aircraft for a total of $750 million. The news was revealed in a filing made yesterday with Companies House. The aircraft are mostly from the airline’s short-haul fleet, with a handful from the long-haul fleet.
Airlines around the world are taking measures to ensure their long term viability amid the current pandemic. For example, earlier today, we reported that Cebu Pacific is looking to sell several Airbus A320s to lease them back. By mortgaging its aircraft, British Airways has secured $750 million in funds from Citibank...more
