July 24, 2020 / 6:20 AM / 20 days ago

British Airways owner IAG extends partnership with American Express

July 24 (Reuters) - British Airways owner International Airlines Group on Friday said it had signed a multi-year renewal agreement with American Express, extending its worldwide commercial partnership with the payments company.

Under the agreement, American Express will make a payment to IAG Loyalty, which is a unit of IAG that offers a wide range of services to airlines and business-to-business clients, of about 750 million pounds ($955.58 million).

$1 = 0.7849 pounds Reporting by Samantha Machado in Bengaluru; Editing by Vinay Dwivedi

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