Virgin Atlantic is awaiting the outcome of a key vote from its creditors on a £1.2 billion restructuring plan. The firm is “fundamentally sound” but a restructuring and fresh cash injection is critical, its lawyers have said. The deal includes £400m in new cash, half of which will come from its main shareholder, Virgin Group.The rest will come from investors and creditors, who now have to give their approval in today’s UK High Court hearing. Virgin Atlantic’s other shareholder Delta, which owns 49% of the airline is unable to invest in overseas firms due to limits in US government bailout

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