The rescue plan for the British airline Virgin Atlantic has now been accepted by the creditors. The company describes the move as an important milestone in securing the airline's future.

Virgin Atlantic also stated that 99 percent of creditors gave the go-ahead. The court's approval is still pending and is expected in the next few weeks. However, the carrier will also cut around 3.500 jobs. The funding Virgin Atlantic receives comes from private sources. State aid was denied to the carrier, which particularly upset Richard Branson.