IAG shares slip on need to strengthen financial buffers

Airline group has announced plans to raise a further €1.2bn through a bond issue

Aer Lingus's parent has seen fit to further strengthen its finances.

Shares in Aer Lingus owner IAG slipped after the airline group announced plans to raise a further €1.2bn, through a bond issue, in a bid to cement its survival should the Covid-driven international travel downturn last longer than expected.

IAG also owns British Airways and Spanish carriers Iberia, Vueling, and Air Europa.