British Airways has substantial non-current liabilities. For instance, the company has total
interest-bearing long-term borrowings of £4,121 million ($6,789.8 million) in FY2014, an increase of 19% from FY2013. Further, the total non-current liabilities were £5,824 million ($9,595.6 million) in FY2014. If an event of default, the lenders or the trustee could, among other things, declare outstanding amounts due and payable, and the company's cash may become restricted and other financing agreements could get adversely impacted.