British Airways owner IAG weighs asset sales to raise cash

IAG is considering several ways to raise cash while global travel remains subdued, including possible asset disposals, according to people familiar with the matter. The British Airways owner is working with advisers on a strategic review of its portfolio that could lead to stake sales, partnerships and joint ventures, the people said. Potential assets that could theoretically be used to raise funds include planes, IAG’s frequent-flier program and its cargo unit. Any sales could help bolster the company’s balance sheet and would likely draw other industry players and investment funds, according to the people, who asked not to be identified discussing confidential information. Deliberations are at an early stage, no final decision has been made and IAG could still decide against any disposals or partnerships, the people said. A representative for IAG declined to comment.<br/>