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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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London, UK, 08/24/2020 13:09
AVIONEWS - World Aeronautical Press Agency

AirlinesVirgin Atlantic creditors agree to bailout

London High Court is due to be pronounced on 2 September

The long-awaited agreement that airline Virgin Atlantic was willing to better understand what its future will be finally arrived. Creditors accepted the rescue plan of Richard Branson's company, an agreement... more

AirlinesBusiness air travel crisis: 34 bankruptcies in 2020

Troubled companies are very numerous

Business is business, but air travel to carry it out is now impossible. The alarming situation emerged from the in-depth examination by various economic analysts, according to which the tourism crisis... more

AirlinesVirgin Atlantic could run out of liquidity by September

One of the company's lawyers reported this in court

Not a penny: it's not encouraging the prospect that could be closely related to the carrier Virgin Atlantic Airways Limited, according to reports in court this morning by David Allison, lawyer of the company... more

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