Virgin Atlantic Creditors OK £1.2B Restructuring Plan | Aviation International News

Virgin Atlantic Creditors OK £1.2B Restructuring Plan

All four classes of creditors vote in favor of Virgin Atlantic recapitalization.

A Virgin Atlantic Airbus A330-300 taxis at Manchester Airport in the UK. (Photo: Flickr: Creative Commons (BY-SA) by Riik@mctr)

By Gregory Polek • Senior Editor

August 25, 2020

All four classes of creditors of Virgin Atlantic have voted in favor of a restructuring plan that, if approved by the English High Court, will result in a £1.2 billion ($1.57 billion) private recapitalization of the airline and save it from collapse.

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