Tag Archives: recapitalisation

Virgin to cut 1,150 more jobs as recapitalisation wins approval | News

Virgin to cut 1,150 more jobs as recapitalisation wins approval | News

Virgin Atlantic has completed a £1.2 billion recapitalisation. Having taken the final steps in the legal process, the airline is hoping to emerge from the Covid-19 crisis as a sustainably profitable carrier. However, the devastating impact of Covid-19 on global aviation continues unabated, and the airline said it must take further steps to ensure survival. […]

Virgin Atlantic announces £1.2bn recapitalisation | News

Virgin Atlantic announces £1.2bn recapitalisation | News

Virgin Atlantic has taken a step toward securing its future, announcing plans for a recapitalisation. The move was necessary following the severe impact of the Covid-19 pandemic on the global economy, the carrier said. The five-year business plan, which has the support of shareholders Virgin Group and Delta, new private investors and existing creditors, paves […]

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