IN­TER­NA­TIONAL CON­SOL­I­DATED AIR­LINES SET TO IN­CREASE CAPEX BY 24%

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BRI­TISH AIR­WAYS owner In­ter­na­tional

Con­sol­i­dated Air­lines (IAG) is to in­crease an­nual cap­i­tal ex­pen­di­ture by 24% to €2.1bn.

The leisure giant says the new spend­ing plan will run from 2018 un­til 2022. Its pre­vi­ous capex guid­ance was an av­er­age of €1.7bn an­nu­ally be­tween 2016 and 2020.

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