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DG Vinci

111.10
0.95 (0.86%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Vinci EU:DG Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.95 0.86% 111.10 110.60 111.70 112.30 110.55 112.20 995,286 16:40:00

London Gatwick Airport, Lenders Agree to Temporarily Waive Financial Covenants

22/09/2020 6:29pm

Dow Jones News


Vinci (EU:DG)
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From Apr 2019 to Apr 2024

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   By Mauro Orru 
 

Vinci SA said Tuesday that London's Gatwick airport and its lenders reached an agreement to temporarily waive the airport's financial covenants.

The airport--which is owned by Vinci's subsidiary Vinci Airports and a consortium of investors managed by Global Infrastructure Partners--swung to a loss for the first half of the year as revenue plunged amid a drop in passenger numbers due to coronavirus-related travel restrictions.

The airport, the U.K.'s second largest, unveiled plans in late August to cut around 600 jobs.

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

(END) Dow Jones Newswires

September 22, 2020 13:14 ET (17:14 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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