"The investment positions Virgin Atlantic to emerge from the Covid-19 pandemic in a strong financial position and with a bolstered balance sheet, ready to capitalise on market opportunities as demand returns," Virgin Atlantic said in a statement.
The airline anticipates a return to sustainable profitability from 2023, driven by a recovery in air travel demand and more than 300m million of cost savings, already delivered.
The investment is split 204m pounds Virgin Group, 196m pounds Delta Air Lines - the ownership structure remains unchanged; Virgin Group owns 51 percent of Virgin Atlantic, while Delta Air lines owns the remaining 49 percent share.
© aero.uk | 14/12/2021 07:27
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