FILE PHOTO: Virgin Atlantic’s planes are seen parked at Manchester Airport, following the outbreak of the coronavirus disease (COVID-19), Manchester, Britain, May 9, 2020. REUTERS/Phil Noble
August 25, 2020
LONDON (Reuters) – Virgin Atlantic’s creditors on Tuesday voted in favor of a 1.2 billion pound ($1.6 billion) rescue plan, moving the airline a step closer to completing a restructuring deal 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% support from trade creditors who voted in favor of the Plan,” a Virgin Atlantic spokeswoman said in a statement.
($1 = 0.7624 pounds)
(Reporting by Alistair Smout, editing by Andy Bruce)
