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Virgin Atlantic has agreed a £1.2bn rescue package aimed at securing the grounded airline for the next five years after months of negotiating with shareholders and private investors to stave off ...
Aug 25, 2020 · 25 August 2020. Getty Images. Virgin Atlantic has won backing from its creditors for a £1.2bn rescue plan that would secure its future for at least 18 months and save 6,500 jobs. The airline said ...
In its most recently published set of accounts, for 2022, Virgin Atlantic posted a revenue of £2.8bn, up from £928m, and pre-tax losses of £268.9m, having also lost £204.9m the year before. City A.M. has taken a look at what Virgin Group still owns and what companies pay to use the brand's name.
Aug 8, 2021 · Virgin Group owns 51% of the airline, and US-based Delta Air Lines the rest. ... News of a possible stock market launch was first reported by Sky News, external. It said Virgin Atlantic's advisors ...
Aug 8, 2021 · Sir Richard Branson’s Virgin Atlantic Airways is planning to list in London in a bid to take advantage of investor expectations of a rapid recovery in international travel. The UK-based airline ...
Aug 8, 2021 · Like most airlines, Virgin Atlantic's finances have been battered by the coronavirus collapse in air travel. In April, the airline posted a £659m loss for 2020 after passenger numbers dropped 80% ...
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Jun 28, 2016 · Virgin Group scraps UK deal after Brexit vote on x ... Virgin Money shares have fallen from £3.65 on Thursday to £2.15 today. Virgin said Sir Richard was “deeply concerned about the impact ...
