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 ...

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