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Stock impact report

Virgin Atlantic explores deal with outside investors as it struggles with coronavirus disruptions [CNNMoney.com]

Houlihan Lokey, Inc. Class A (HLI) 
Last houlihan lokey, inc. class a earnings: 2/3 04:15 pm Check Earnings Report
US:NYSE Investor Relations: hl.com/us/pressreleases.aspx
Company Research Source: CNNMoney.com
Virgin Atlantic explores deal with outside investors as it struggles with coronavirus disruptions New York (CNN Business) Virgin Atlantic has been searching for capital to keep it from collapse in the midst of the economic crisis caused by coronavirus. The airline is now exploring options to work with outside investors, a Virgin Atlantic spokesperson confirmed to CNN Business Sunday. Investment bank Houlihan Lokey ( HLI ) has been appointed to lead the search, with a focus on private investors. "Because of significant costs to our business caused by unprecedented market conditions which the Covid-19 crisis has brought with it, we are exploring all available options to obtain additional external funding," the spokesperson said in a statement. The British airline has also requested financial assistance from the UK government. The airline's parent company, Virgin Group, and billionaire founder Richard Branson are supportive of the investor search, though they are not looking to Show less Read more
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