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Virgin capital restructure

VIRGIN Australia Group plans to raise equity of approximately $852 million through a proposed fully underwritten one-for-one non-renounceable pro-rate entitlement offer to shareholders at a price of A$0.21 per share, the airline announced this morning. The move is the outcome of VAH’s capital structure review flagged earlier this year. Investors Singapore Airlines, HNA Innovation, Virgin Group, Nanshan Group and Air New Zealand have made binding commitments to take up their pro-rata entitlements. The proposed offer, along with the previously announced ...

The above snippet is the first part of an article sent to subscribers in Travel Daily's issue from 15 Jun 16

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