Aviation
Commercial /
Europe
Virgin Atlantic
Company announces major restructuring plan
José PEDRO Magalhães Ramos
7/16/2020
British airline Virgin Atlantic, hit hard by the crisis, announced its plan to be able to continue flying.
The plan's structure provides for the taking of private loans estimated at 1.2 billion pounds, a savings plan of almost 300 million and a new financing structure of almost 900 million for the renewal of fleet aircraft for the next 5 years .
The measures still depend on approval, including judicial, but the company expects to implement them until next year.
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José PEDRO Magalhães Ramos
He is a professional with almost four decades of experience in aviation. Having worked at Rio Sul and TAM in the 1980s and in the 1990's, joined Vasp where he spent 10 years in the Engineering area. He then created and operated the website www.aerospace.com.br for 4 years, now extinct and in 2004 he joined Gol, having stayed until 2017 and passed in various technical and business areas. Currently as a technical consultant still-and always-in the aviation area, he dedicates his private time to create and operate this our portal!
   
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