British airline Virgin Atlantic said on Friday it had completed the sale and leaseback of two Boeing 787s as part of a plan to strengthen its balance sheet.
FILE PHOTO: Virgin Atlantic's planes are seen parked at Manchester Airport, following the outbreak of the coronavirus disease , Manchester, Britain, May 9, 2020. REUTERS/Phil NobleLONDON: British airline Virgin Atlantic said on Friday it had completed the sale and leaseback of two Boeing 787s as part of a plan to strengthen its balance sheet.
The deal with Griffin Global Asset Management to raise just over US$230 million from the two planes will enable it to repay a loan taken on as part of its rescue deal last year.
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