Sidley advised First Data on the successful solvent recapitalization of British airline, Virgin Atlantic Airways Ltd.

The Sidley team in London was led by Restructuring partner Phillip Taylor with support from associate James Rea Palmer. Restructuring partner Marc Wassermann and associate Erika Stern advised as to United States law aspects of the recapitalization. Regulatory partner John Casanova advised as to payments issues with support from associate Tanaan Quek, and Finance partner Jason Richardson advised on the finance documents with support from associate Jason Blick.