EasyJet raises 419 million pounds to bolster COVID-hit finances

LONDON (Reuters) - Budget airline easyJet has raised about 419 million pounds through a share placing to help bolster its finances after the COVID-19 pandemic devastated the travel industry. The new equity will help boost its liquidity to about 3 billion pounds, easyJet said on Thursday, enabling it to survive for many more months even if planes are grounded again, and putting it in a strong position to cope with "protracted recovery scenarios". EasyJet's planes returned to the air in mid-June,..