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BAA erased by debts?

London, United Kingdom - According to "The Times", the authority is going to sell Gatwick and Glasgow airports

BAA is in danger of having its debt called in, the "Times" reports. Attempts to refinance the GBP 10 billion of debt taken on by Ferrovial have so far failed, causing severe pressure on the company's finances. The "Times" says the GBP 400 million cash injection from Ferrovial and other shareholders announced yesterday will buy BAA a little time but if it cannot refinance in the next two months,...

AVIONEWS - World Aeronautical Press Agency - 1089432
Rome, Italy, 05/12/2008 12:54
AVIONEWS - World Aeronautical Press Agency

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