UK carrier Virgin Atlantic has raised an additional £32 million ($39 million) and has extended its codeshare agreement with UK regional carrier Flybe. Virgin raised the funding by extending a transaction secured on its London Heathrow slots that was announced a year ago. This was the first of a kind in Europe and has now been extended to £252 million. “Proceeds of the financing will support Virgin Atlantic’s long-term investment program, including a fleet ...

Subscribe to Access this Entire Article

"Virgin Atlantic raises more funding; expands Flybe codeshare" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.