Virgin Atlantic is close to unveiling a £1.2 billion rescue package that will salvage thousands of British aviation jobs.
The package would remove the chance of the airline plunging into administration as a result of the coronavirus crisis.
The deal, which will involve backing from Richard Branson’s Virgin Group and hedge fund Davidson Kempner, could be confirmed later on Tuesday, Sky News said.
A spokeswoman for Virgin Atlantic declined to comment on the report.
Source: www.dailymail.co.uk
