FILE PHOTO: Virgin Atlantic and TUI Airways aircraft are seen at Manchester Airport, following the outbreak of the coronavirus disease , Manchester, Britain, June 8, 2020. REUTERS/Phil Noble
A Virgin Atlantic spokeswoman said the restructuring plan was before a British court “to secure approval from all relevant creditors before implementation.” In July, the airline said its private deal with stakeholders eliminates the need for support from the British government that billionaire founder Richard Branson had sought. The reorganization is expected to be completed towards the end of this summer and be spread across the next 18 months.
In July, Virgin Atlantic said it has agreed a rescue deal with shareholders and creditors worth 1.2 billion pounds to secure its future beyond the coronavirus crisis.
its saddening 2c how d COVID19 pandemic negatively affects many global companies like virginatlantic .. 1thing is sure they will overcome this .. meanwhile they should watchfullvideo 2 Evgdagreat 's hit GiveYourSelfBrain
It's Chapter 11...
Put Virgin in the history books as the face of PeakCarbon.
Thanks Trump
Euthanasia ends suffering
Didn’t they sell their American subsidiary to Alaska airlines. So how would they qualify for American bailout.
Isn’t it Chapter 11 bankruptcy? I don’t wish to be pedantic but otherwise twitter is just shit.
What was this all about then?
Meanwhile richardbranson has his own private island ánd billions on his accounts, asked for support during coronavirus crisis and tries to generate more money with spaceflights, imagine that!
Ducked Bronson
Didn't these clowns just get a bailout?
Can you please add your signature? ✍️ ZimbabweanLivesMatter
damn shame son
What a mess...how many more? Though it's a good move.
Hey guys what have you done with the billions?
To bad I like the name.
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