Qantas Airways Secures $1.05 Billion in Additional Liquidity

  • Mar 25, 2020
  • Team Kalkine

Qantas Airways Limited (ASX:QAN) has announced that it has secured $1.05 billion in additional liquidity to boost its status as it manages through the COVID-19 outbreak.

The debt was secured against part of the Group’s fleet of unencumbered aircraft that were purchased in the recent years.

The duration of the loan is up to 10 years at an interest rate of 2.75%.

With this loan amount, the Group’s existing cash balance increased to $2.95 billion along with additional $1 billion undrawn facility.

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

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