Virgin Atlantic raises another £160 million

According to a Sky News report, see here, Virgin Atlantic is close to completing an additional £160 million fundraising.

It is believed that Sir Richard Branson will lend another £100 million, with “a further £60 million of deferrals from creditors”.

I would imagine that these creditors are likely to be Virgin Group, potentially deferring further brand license fees, and fellow shareholder Delta Air Lines.

This latest financing comes after the £1.2 billion refinancing agreed last year although – as our article explained – the amount of ‘new money’ that deal provided was just a fraction of the headline amount.

The airline also freed up $230 million in January by refinancing two Boeing 787 aircraft.

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How to earn Virgin Points from UK credit cards (April 2024)

As a reminder, there are various ways of earning Virgin Points from UK credit cards.  Many cards also have generous sign-up bonuses.

You can choose from two official Virgin Atlantic credit cards (apply here, the Reward+ card has a bonus of 15,000 Virgin Points):

You can also earn Virgin Points from various American Express cards – and these have sign-up bonuses too.

American Express Preferred Rewards Gold is FREE for a year and comes with 20,000 Membership Rewards points, which convert into 20,000 Virgin Points.

The Platinum Card from American Express comes with 40,000 Membership Rewards points, which convert into 40,000 Virgin Points.

Small business owners should consider the two American Express Business cards. Points convert at 1:1 into Virgin Points.

Click here to read our detailed summary of all UK credit cards which earn Virgin Points. 

(Want to earn more Virgin Points?  Click here to see our recent articles on Virgin Atlantic and Flying Club and click here for our home page with the latest news on earning and spending other airline and hotel points.)