Virgin Atlantic (VS) has mortgaged a significant portion of its London Heathrow (LHR) slot portfolio for $330 million to pay dividends, primarily benefiting its US shareholder, Delta Air Lines (DL).
In a significant move for UK–Israel air travel, Virgin Atlantic (VS) is leasing eight weekly slot pairs at London Heathrow Airport to El Al Israel Airlines (LY) for the Winter 2025/26 season.
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