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Dec 13, 2021 · The airline anticipates a return to sustainable profitability from 2023, driven by a recovery in air travel demand and more than £300m of cost savings, already delivered. Key Highlights: £400m new investment from Virgin Group (51%) and Delta Air Lines (49%) Creditors continue to support the airline with £200m reduction in cash burden through ...
Dec 13, 2021 · 13 December 2021. Virgin Atlantic has announced the completion of a £400m new investment from its shareholders, Virgin Group and Delta Air Lines. The investment positions Virgin Atlantic to emerge from the COVID-19 pandemic in a strong financial position, ready to capitalise on market opportunities as demand for travel returns.
Dec 13, 2021 · Sir Richard's Virgin Group, which owns 51% of Virgin Atlantic, is putting in £204m while Delta, with its 49% stake, will contribute £196m. ... The airline said the injection "positions Virgin ...
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Dec 13, 2021 · LONDON, Dec 13 (Reuters) - Virgin Atlantic has raised 400 million pounds ($530 million) in fresh funding from shareholders Virgin Group and Delta Air Lines (DAL.N) as a new bout of gloom descends ...
Dec 13, 2021 · Sir Richard Branson has given Virgin Atlantic a cash injection in a £400m funding round to support the airline as the outlook for the travel sector darkens. Branson’s Virgin Group, which owns ...
- Philip Georgiadis
Dec 13, 2021 · Virgin Atlantic has secured £400 million in new investment from existing shareholders Virgin Group and Delta Air Lines as it continues on the road to recovery during the Covid-19 crisis. The airline said the investment will help it emerge from the pandemic “in a strong financial position and with a bolstered balance sheet”, along with an ...
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Nov 20, 2021 · Virgin Atlantic Airways is drawing up plans for a fresh £400m funding injection as prospects fade for an initial public offering (IPO) of Sir Richard Branson's flagship company.