IAG insurance australia group limited

News: IAG IAG CEO says will have comfortable buffer, sticks to 8 Sept retirement

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    LONDON, July 31 (Reuters) - The capital raise proposed by British Airways-owner IAG ICAG.L will give the airlines group "a very comfortable buffer", said its chief executive, who added that he would not be extending his tenure again.

    "I will be retiring on the eighth of September at the AGM when Luis will take over from me. That is firm. We're not going to change that," Walsh told reporters on a call on Friday.

    When the pandemic struck earlier this year, Walsh delayed his retirement. Luis Gallego is due to succeed him.

 
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