You are here

Virgin Australia secures new loan from major partners

Monday, March 21, 2016 - 06:20

321.JPG
Virgin Australia said on Monday it has secured a A$425 million (S$439 million) 12-month loan facility with its four major shareholders - Air New Zealand , Etihad Airways, Singapore Airlines and Virgin Group - as part of a structural review.

[SYDNEY] Virgin Australia said on Monday it has secured a A$425 million (S$439 million) 12-month loan facility with its four major shareholders - Air New Zealand , Etihad Airways, Singapore Airlines and Virgin Group - as part of a structural review.

Virgin Australia said the review will include an assessment of its mix of debt and equity capital.

The carrier reported in February that it had swung to a half-year profit as it cut costs and attracted more big-spending corporate passengers. It also forecast a return to profitability for the full year.

REUTERS

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom