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Virgin Atlantic's latest negotiations with creditors

Judgment on the rescue plan is awaited

Negotiations of the carrier Virgin Atlantic with its creditors are in advanced phase. As it turned out at the beginning of this August, British company could run out of liquidity by the end of September (read the article published by AVIONEWS). The talks are anticipating the decision that the High Court of London will have to take on the bailout, for which 1.2 billion pounds will be invested (the judgment...

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AVIONEWS - World Aeronautical Press Agency
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