Virgin Atlantic raises another £160 million

According to a Sky News report, see here, Virgin Atlantic is close to completing an additional £160 million fundraising.

It is believed that Sir Richard Branson will lend another £100 million, with “a further £60 million of deferrals from creditors”.

I would imagine that these creditors are likely to be Virgin Group, potentially deferring further brand license fees, and fellow shareholder Delta Air Lines.

This latest financing comes after the £1.2 billion refinancing agreed last year although – as our article explained – the amount of ‘new money’ that deal provided was just a fraction of the headline amount.

The airline also freed up $230 million in January by refinancing two Boeing 787 aircraft.

How to earn Virgin Points from UK credit cards (December 2021)

As a reminder, there are various ways of earning Virgin Points from UK credit cards.  Many cards also have generous sign-up bonuses.

You can choose from two official Virgin Atlantic credit cards (apply here, one has a bonus of 15,000 points):

Virgin Atlantic Reward Mastercard

The UK’s most generous free Visa or Mastercard at 0.75 points / £1 Read our full review

Virgin Atlantic Reward+ Mastercard

15,000 points bonus and the most generous non-Amex for day to day spending Read our full review

You can also earn Virgin Points from various American Express cards – and these have sign-up bonuses too.

American Express Preferred Rewards Gold is FREE for a year and comes with 20,000 Membership Rewards points, which convert into 20,000 Virgin Points:

American Express Preferred Rewards Gold

Your best beginner’s card – 20,000 points, FREE for a year & two airport lounge passes Read our full review

The Platinum Card from American Express comes with 30,000 Membership Rewards points, which convert into 30,000 Virgin Points:

The Platinum Card from American Express

30,000 points and an unbeatable set of travel benefits – for a fee Read our full review

Click here to read our detailed summary of all UK credit cards which earn Virgin Points. 

(Want to earn more Virgin Points?  Click here to see our recent articles on Virgin Atlantic and Flying Club and click here for our home page with the latest news on earning and spending other airline and hotel points.)