IAG and easyJet could tap equity market for fresh funds, say Citigroup analysts - Part 3
Tuesday, 5 May 2020, 4:33 pm
Citigroup is today telling clients easyJet will have to launch a major cash call to raise between £700 million and a £1 billion.
Mark Manduca - airlines analyst at Citigroup, and son of City grandee and Prudential chairman Paul Manduca - reckons there is now a "high" probability the budget airline will have to carry out a rights issue in the coming weeks or months...