FILE PHOTO: A man looks at Rolls Royce's Trent Engine displayed at the Singapore Airshow in Singapore February 11, 2020. REUTERS/Edgar Su/File Photo
Shareholder advisory groups Institutional Shareholder Services and Glass Lewis have both urged clients to back the fundraising. The company, which made a 5.4 billion pound loss in the first half of 2020, faces a cash crunch at the end of next year, when 3.2 billion pounds of debt needs to be repaid. But COVID-19 has shattered the company’s finances because airlines only pay it when their planes fly, forcing it to seek a 5 billion pound debt and equity package to survive many more months of expected turmoil.
“They’ve given themselves enough time and space to make sure that they get through to the other side,” said Agency Partner analyst Nick Cunningham.
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But I thought Alex cutler 247 said this was a good investment.
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