ABU DHABI / WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and ...
Read More »Virgin Atlantic set for $1.25b rescue in victory for Branson
Bloomberg Virgin Atlantic Airways Ltd announced a 1.2 billion-pound ($1.5 billion) rescue in a major victory for Richard Branson, who snatched his UK airline from the brink of failure under the weight of the coronavirus crisis. US hedge fund Davidson Kempner Capital Management will provide about 170 million pounds in secured financing, according to a statement, while Branson will contribute ...
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