Delta and Virgin Group have pledged funds to help Virgin Atlantic emerge from the pandemic. Virgin Group owns 51% of Virgin Atlantic and Delta the remainder. Neither specified how much of the £400 million they were contributing.
In another boost, Virgin said it had obtained “full support” of credit card acquirers which process payments.
Virgin said: “With the full support of its shareholders and creditors, the airline is positioned for recovery from the pandemic, bolstered by the opening of US borders to UK nationals on 8 November, as it benefits from pent up customer demand and robust trading for Easter and summer 2022.”
