News: VAH Virgin Australia provides update on capital structure review

March 20 (Reuters) - Virgin Australia Holdings Ltd (VAH) :

• Vah provides update on capital structure review (VAH)
• Commencement of a review of its capital structure, which forms part of the

  group's ongoing program to optimise its balance sheet

• Review will ensure Virgin Australia has appropriate structure to sustain

  access to capital and improve cash flow generation and profitability

• Review will include an assessment of the appropriate mix of debt and equity

  capital and operational initiatives to enhance cash flow and profitability

• New loan will provide the group with additional flexibility in the

  short-term"

• As an initial step in the review, co has secured a new 12 month A$425 million

  loan facility

• Says "facility is subordinated to the group's existing debt "
• Secured loan facility with its four major shareholders Air New Zealand,

  Etihad Airways, Singapore airlines and Virgin Group