UK-based long-haul specialist Virgin Atlantic has raised £220 million ($328 million) in funding by mortgaging some of its take-off and landing slots at London Heathrow. Slots at the heavily runway-constrained airport change hands for considerable sums, but this is the first time in Europe that they have been used in this way to raise funds. The money will be used to bankroll Virgin Atlantic’s long-term investment program, including new aircraft purchases. Virgin Atlantic is the ...

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