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UK: Virgin Atlantic Facing Financial Woes

A key backer of Virgin Atlantic has ruled out injecting fresh cash into the crisis-hit airline as it continues to beg ministers for a bailout. US carrier Delta - which owns 49pc of the British firm - said it is concentrating on its own problems after operations were hammered by the coronavirus pandemic. Boss Ed Bastian warned Delta is facing a “crisis in cash”, adding it is barred from investing in foreign businesses under the terms of a rescue by the American authorities.

Source: Daily Telegraph


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