Overview
- Apollo-managed funds completed a $745 million senior secured financing of Virgin Atlantic’s Heathrow take‑off and landing slots.
- Virgin Atlantic says the proceeds will reduce legacy debt and support investments intended to strengthen its balance sheet.
- The plan includes a full Boeing 787-9 cabin refurbishment through 2028 with upgraded interiors and larger Upper Class and Premium cabins.
- The financing supports the rollout of free, streaming‑quality Starlink Wi‑Fi across the fleet and the arrival of 10 Airbus A330neo aircraft from the third quarter of 2026 featuring Retreat Suites.
- Reporting indicates the loan is secured against 27 of the airline’s 31 Heathrow slots, with Apollo describing the structure as bespoke and asset‑backed.