Virgin Atlantic close to securing rescue deal: source

AFP

2020/07/01 | 232 words | LE JOURNAL DE L'AVIATION | AIR TRANSPORT

Virgin Atlantic is "close" to securing a deal to recapitalise the struggling British airline as the coronavirus pandemic slashes demand for air travel, a source told AFP Wednesday.The carrier, part owned by tycoon Richard Branson, is making "very good progress" in talks with private investors and is "close" to agreement, the source said.Media reported that Virgin Atlantic is trying to secure a rescue deal worth up to £1.0 billion ($1.2 billion, 1.1 billion euros) to ensure its survival.The n...(…)

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