Business

Virgin Atlantic: Richard Branson Gets $ 1.5 Billion Bailout

The operator said in a statement Tuesday that the recapitalization plan will be implemented in the next 18 months and has the support of shareholders, including Delta airlines (DAL), new investors and existing creditors. Under the plan, existing shareholders will contribute £ 600 million ($ 750.6 million), including £ 200 …

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