Virgin Atlantic says it has reached "a significant milestone in safeguarding its future" after creditors voted in favour for a £1.2billion bailout.
The move will protect the airline from bankruptcy and form part of a restructuring deal that will save the business £600million over 18months.
The vote was a key part of a court-sanctioned process being used by the airline to implement the deal. It warned earlier this month it could run out of money by the end of September if the rescue package is rejected.
In a statement, the carrier said that its creditors had voted in favour of the proposal on Tuesday afternoon. The airline added: "Today, Virgin Atlantic has reached a significant milestone in safeguarding its future, securing the overwhelming
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