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Virgin Atlantic to ‘Run Out of Money’ unless Bailout Approved


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MIAMI – Virgin Atlantic (VS) has warned it will “run out of money” by the final week of September if its creditors do not agree on a £1.2bn bailout package today. The deal, which includes proposing creditors accept a 20% reduction in their return from the airline, will be voted on at the High Court […]

The post Virgin Atlantic to ‘Run Out of Money’ unless Bailout Approved appeared first on Airways Magazine.

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