June 10, 2020 / 7:00 AM / a month ago

Finnair says raises 512 mln euros in rights issue

July 3 (Reuters) - Finnair said on Friday it would raise around 512 million euros ($575 million) from an oversubscribed rights issue, aimed at strengthening its finances to cope with the coronavirus crisis.

Airlines across the world have been scrambling to raise cash and slash costs after lockdowns to contain the virus brought global air travel almost to a halt. ($1 = 0.8906 euros)

Reporting by Tarmo Virki in Tallinn; Editing by Susan Fenton

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