Shai Weiss, CEO of Virgin Atlantic described the recapitalisation and subsequent restructuring as a “fight for survival”, but states the airline can not maximise its full potential without “the introduction of passenger testing”.
In a press release, Mr Weiss said: “Together, we have achieved what many thought impossible and that is down to the efforts and sacrifices of so many across the Company.
“The completion of the private-only, solvent recapitalisation of Virgin Atlantic removes much of the uncertainty we faced and represents a major step forward in our fight for survival.
“We greatly appreciate the support of our shareholders, creditors and new private investors and together, we will ensure that the airline continues to provide vital connectivity and competition.
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