Virgin Australia Holdings Limited
(ASX:VAH) says it is about to commence a review of its capital structure with a view to optimising its balance sheet.
The airline says its evolved from a low cost carrier to a major airline group over the last 15 years and needs to update its capital structure to support its strategic objectives.
As an initial step Virgin has secured a $425 million loan facility for the next 12 months from its four major shareholders.
The airliner will provide further details once the review is complete.
Virgin reported a net profit of $62.5 million for the six months to the end of December 2015.
