Business

High Court in London backs Virgin Atlantic's rescue plan

Virgin Atlantic's 1.2 billion-pound ($1.6 billion) restructuring plan was approved Wednesday by the High Court in London, allowing the international airline to continue rebuilding its operations after the devastation caused ...

Business

Britain clears Virgin Atlantic's £1.2 bn rescue

Britain's High Court on Wednesday cleared a £1.2-billion rescue of struggling airline Virgin Atlantic, part-owned by British tycoon Richard Branson and which has been hit badly by the coronavirus pandemic.