UK judge approves Virgin Atlantic rescue deal
The deal aims to secure the survival of the airline, which had projected it would run out of cash at the end of September due to the pandemic
02 September 2020 - 15:25
London — Virgin Atlantic’s £1.2bn rescue deal is set for completion this week after a London judge gave the go ahead to the airline’s restructuring plan in a court hearing on Wednesday.
The deal aims to secure Virgin Atlantic’s survival through the coronavirus crisis. The airline had projected it would run out of cash at the end of September unless the plan was approved...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.