Jul 14, 2020 SOURCE: AFP
Virus-hit Virgin Atlantic airline lands £1.2 bn rescue
Virus-hit airline Virgin Atlantic, 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).
"Virgin Atlantic has reached a major milestone towards securing its future today, by announcing plans for a private-only solvent recapitalisation... following the severe impact...
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