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Virgin Atlantic finalises €1.2 billion rescue deal

Virgin Atlantic has finalised a rescue deal worth €1.2 billion.
 
The package includes support from its main shareholder, Virgin Group, and loans from outside investors.
 
It also includes deferring hundreds of millions of pounds owed both to Virgin Group and to fellow shareholder Delta Air Lines.
 
Virgin Atlantic had initially hoped to obtain emergency funding from the UK government, but ministers said any subsidies would be a last resort.


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