Virgin Atlantic has today shared an important update in its billion-dollar restructuring plan. The United Kingdom-based carrier has announced that its creditors have voted in favor of its proposal to get its finances back on track amid the impact of the global health crisis.
Adapting to the challenges
It has been well-publicized that the airline is going through a solvent recapitalization in British courts. Additionally, it also applied for Chapter 15 bankruptcy protection in New York to protect its assets in the United States.
In a press release seen by Simple Flying, a Virgin Atlantic spokesperson highlighted …
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