Tag: Virgin
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Court Approves Virgin Atlantic Restructuring Plan
A U.K. court has signed off on Virgin Atlantic’s restructuring plan, paving the way for the troubled carrier to “emerge from the Covid-19 crisis a sustainably profitable airline.” The £1.2 billion ($1.6 billion) plan gives Virgin Atlantic breathing room for 18 months to restructure its operations. The carrier plans to realize £280 million in annual…
