Pension Insurance Corporation (PIC) has invested £75m in debt issued by Virgin Atlantic Airways (VAA) secured against the airlines landing slots at Heathrow Airport.
The bulk annuity provider is the largest member of a small group of lenders to the airline company, which is borrowing £220m in total. It is believed to be the first time a European airline has ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
