Sir Richard Branson has given Virgin Atlantic a cash injection in a £400m funding round to support the airline as the outlook for the travel sector darkens.
Branson’s Virgin Group, which owns 51 per cent of the airline, has invested £204m, while US carrier Delta Air Lines has committed £196m, maintaining its 49 per cent stake in the British carrier.
The new funding agreed on Monday came as the emergence of the Omicron coronavirus variant and travel restrictions across many parts of the world have begun to hold back the fragile recovery of the travel industry.
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