Virgin Group Chairman Richard Branson will sink another A$80 million ($65.3 million) into Brisbane-based Virgin Blue as part of a deeply discounted (31%) A$231 million capital raising designed to bolster a balance sheet buffeted by one-off costs and souring hedges. The unveiling of the fully underwritten increase, which ended weeks of speculation and careful denials, coincided with Blue's revelation that it expects to record a first-ever loss of A$165 million for the fiscal year ended June ...

Subscribe to Access this Entire Article

"Virgin Blue to raise A$231 million, faces full-year loss" 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?

Already registered? here.