Jul 14, 2020 SOURCE: AFP
Virgin Atlantic airline says lands £1.2bn rescue deal
Virgin Atlantic, an airline part-owned by British tycoon Richard Branson, said Tuesday it had secured its future thanks to private recapitalisation worth £1.2 billion ($1.5 billion, 1.3 billion euros).
"Virgin Atlantic has reached a major milestone towards securing its future today, by announcing plans for a private-only solvent recapitalisation... following...
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