Virgin Atlantic agrees sale-leaseback deal for two 787-9s

Virgin Atlantic has agreed a sale-leaseback transaction for two 787-9 Dreamliners with Griffin Global Asset Management. In a statement, the airline said: “Virgin Atlantic completed the privately funded, solvent recapitalisation of the airline to ensure that we continue to provide essential connectivity and competition to customers in the UK and beyond… “We continue to explore financing opportunities to strengthen our balance sheet, as already provided for in the recapitalisation. This financing opportunity, regarding two of our 787s, allows us to pay down debt and improve our cash position going into 2021.”