Virgin Atlantic Seeks Investors To Avoid Collapse | Business

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A dozen investment groups surround Virgin Atlantic as the airline struggles to secure a £ 500m rescue from the government.

This week, its management will make presentations to potential private sector investors, including Cerberus Capital Management, Centerbridge Partners, Apollo Global Management and Greybull Capital.

The airline, which is advised by investment bank Houlihan Lokey, is expected to discuss a range of proposals, ranging from one or more of the investors buying stakes to offering commercial loans or other forms of credit. .

At the same time, the airline – part of a sector knelt by the coronavirus – will continue its discussions with the Treasury and Grant Shapps, the secretary of transport, on the government.

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