IAG shareholders have approved the group’s plan for a $3.25 billion rights issue at a virtual meeting which also saw chief executive Wille Walsh over control of the firm to Iberia’s Luis Gallego. The rights issue was approved by 99% and included an “irrevocable  commitment”  from Qatar Airways, whose 25% holding makes it the single largest investor in the airline group. “It is the worst crisis we have ever faced, far worse than both 9/11 and the financial crash in 2008,” Willie Walsh said. “We are having to re-calibrate everything we do as we anticipate that it will take until

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In