Virgin Atlantic Gets Another Cash Injection Through Pandemic

Virgin Atlantic Gets Another Cash Injection Through Pandemic
A Virgin Atlantic Airways plane taxis at the Seattle-Tacoma International Airport in Seattle on Fri. April 13, 2018. Ted S. Warren/AP Photo
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LONDON—Virgin Atlantic has received 400 million pounds ($530 million) of new funding from its shareholders to help the airline ride out the coronavirus pandemic.

In a statement Monday, the company said its shareholders, Richard Branson’s Virgin Group and Atlanta-based Delta Air Lines, will provide the money in line with their stakes. Virgin Group owns 51% of the airline, while Delta owns the rest.