LONDON - Virgin Atlantic's trade creditors voted on Tuesday in favour of a £1.2 billion rescue plan, moving the airline a step closer to completing a restructuring designed to secure its future beyond the coronavirus crisis.
"Today, Virgin Atlantic has reached a significant milestone in safeguarding its future, securing the overwhelming support of all four creditor classes, including 99 per cent support from trade creditors who voted in favour of the plan," a spokeswoman said.
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