Virgin Atlantic raises cash against Heathrow airport slots

UK-based long-haul specialist Virgin Atlantic has raised £220 million ($328 million) in funding by mortgaging some of its take-off and landing slots at London Heathrow. Slots at the heavily runway-constrained airport change hands for considerable sums, but this is the first time in Europe that they...
Alan Dron

Based in London, Alan is Europe & Middle East correspondent at Air Transport World.

Subscription Required

 

This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.