Aug 25, 2020 SOURCE: AFP
Creditors back £1.2bn virus rescue for Virgin Atlantic
Virus-hit airline Virgin Atlantic, part-owned by British tycoon Richard Branson, said Tuesday that creditors had approved a £1.2-billion private recapitalisation to help ensure its survival.
The rescue, worth $1.6 billion or 1.3 billion euros, was launched last month following a dramatic jobs-slashing plan, as the coronavirus pandemic hit travel demand...
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