IAG draws down half of €150m State loan for Aer Lingus

British Airways and Iberia owner posts an operating loss of €1.14 bn in the first quarter

Revenues were 78.9 per cent lower across IAG to €968 million. File photograph: Tom Honan

Revenues were 78.9 per cent lower across IAG to €968 million. File photograph: Tom Honan

Aer Lingus owner IAG drew down €75 million of an agreed €150 million debt facility provided by the Irish State during the first quarter.

The funding came via the Ireland Strategic Investment Fund’s (ISIF) pandemic recovery fund, which has agreed a three-year loan for the carrier.

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