Virgin Atlantic is also cutting the size of its fleet and retiring older planes including its Boeing 747s.Since the coronavirus outbreak, the company has furloughed thousands of staff and seen its top executives agree substantial pay cuts.
The company is expected to resume passenger flights on 20 July to destinations including Hong Kong, Los Angeles and New York, although Delta has warned that the recovery of demand for international travel is likely to lag domestic US aviation by a year.
Is that from his own billions?
Come from TAX payer
Well done to him! He is raising the cash privately and not sacking his workers, unlike other large British Airlines! VirginAtlantic
Well done again Rishi, utter vindication of your hardline stance, even when Virgin tried strong-arm, needless sacking of staff. Precedent made on Shareholder v Govt. Bailout! Unions gone quiet about redundancies, this case doesn't have enough political dogma for them to bother.
PhilipSime So no need for state aid after all. If it’s a viable business private money will be attracted to it
👍 I’m sure when he’s up and running again that the publics money will be returned.😡
Same billionaire screaming for government help.
Govt?
A positive item on Sky news? Must be a catch here somewhere!
Shock... billionaire can bail out his own company.
Why just branston?
wow
Richard Branson on British Airways in 2009: 'We should wait for its demise. ' 'Loss-making and inefficient airlines should be allowed to go the wall...
Well done Sir Richard, your billions are truly inspirational 👍🏻👊🏻👍🏻👊🏻✊🏻💎💎💎💎
Not a bad result considering he pays no UK tax.
That’s a lotta money
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