Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / News/  Virgin Atlantic in talks for $540 million funding: Report
BackBack

Virgin Atlantic in talks for $540 million funding: Report

The amount of the potential capital increase is yet to be finalized, and the carrier’s founder and majority investor Richard Branson is expected to contribute as the possibility of an initial public offering becomes less likely

A Virgin Atlantic spokesman told the news outlet that the company doesn’t comment on speculation. (AFP)Premium
A Virgin Atlantic spokesman told the news outlet that the company doesn’t comment on speculation. (AFP)

Virgin Atlantic Airways Ltd. is in discussions with its shareholders about a 400 million-pound ($540 million) capital injection, Sky News reported, citing unidentified people familiar with the matter.

The amount of the potential capital increase is yet to be finalized, and the carrier’s founder and majority investor Richard Branson is expected to contribute as the possibility of an initial public offering becomes less likely, according to the report. Sky News said that the decision would be announced by year-end. 

A Virgin Atlantic spokesman told the news outlet that the company doesn’t comment on speculation.

The carrier, founded in 1984, has never sold stock to the public. Virgin Group owns a 51% stake with the rest held by Delta Air Lines Inc.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

This story has been published from a wire agency feed without modifications to the text.

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 20 Nov 2021, 05:34 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App