Virgin Atlantic Airways Lands I.2bn Pounds Rescue Package

Virgin Atlantic Airways is close to unveiling a £1.2bn rescue package that will salvage thousands of British aviation jobs.

Sky News understands that the airline has secured the backing of key financial stakeholders for a deal, with the company now expected to be among the first users of a new court-sanctioned process introduced as part of government reforms to enable smoother corporate restructurings during the coronavirus pandemic.

An announcement is expected to be made Tuesday Afternoon.

source:news.sky.com

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