DUBLIN, June 22 (Reuters) - Ireland's Aer Lingus needs a few
hundred million euros in extra liquidity due to COVID-19
disruption, its chief executive said on Tuesday regarding the
airline's funding talks with the Irish state and parent group
International Airlines Group.
"The cash burn is significantly ahead of the 150 million
euro ISIF (Ireland Strategic Investment Fund) loan we have had
so far, so we are looking to restore our liquidity to the tune
of a few hundred million euros," Lynne Embleton told an Irish
parliamentary committee.
"The precise numbers depend on where we can access liquidity
from, the terms of that liquidity and indeed the number of days
we continue to burn cash."
(Reporting by Padraic Halpin; editing by Jason Neely)
International Airlines (IAG)
