Gibson Dunn Advised Apollo on Refinancing of Virgin Atlantic Heathrow Slots
Gibson Dunn Advised Apollo on Refinancing of Virgin Atlantic Heathrow Slots
Global leading law firm Gibson Dunn advised Apollo-managed funds and affiliates in the $745 million secured financing of Virgin Atlantic’s portfolio of take-off and landing slots at London Heathrow, one of the world’s busiest airports.
The Gibson Dunn team advised on negotiating the deal and on the collateral package for Apollo. The secured funds will go towards the refurbishment of the airline’s Boeing 787-9 fleet and access to Starlink Wi-Fi internet, which the airline will provide across its cabins for free from next year.
The Gibson Dunn team was led by James Cameron (Partner) and Eric Feuerstein (Partner), Benjamin J. Fryer (Partner), Sandy Bhogal (Partner), Presley L. Warner (Partner), Michael D. Saliba (Partner) and Siddharth M. Sharma (Senior Counsel), Richard J. Walton (Senior Counsel), and Ronan Holohan (Associate), Sarah Johnson (Associate).
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