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Dec 13, 2021 · The airline anticipates a return to sustainable profitability from 2023, driven by a recovery in air travel demand and more than £300m of cost savings, already delivered. Key Highlights: £400m new investment from Virgin Group (51%) and Delta Air Lines (49%) Creditors continue to support the airline with £200m reduction in cash burden through ...
Dec 13, 2021 · Sir Richard's Virgin Group, which owns 51% of Virgin Atlantic, is putting in £204m while Delta, with its 49% stake, will contribute £196m. ... Synchronised flights mark return to US.
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May 10, 2023 · The Virgin Group owns 51 per cent of the airline, while the remaining 49 per cent is held by US carrier Delta Air Lines. Since 2020, Virgin has announced thousands of job cuts and set out to ...
- Oliver Telling
Aug 8, 2021 · Virgin Group owns 51% of the airline, and US-based Delta Air Lines the rest. It is understood Virgin has hired City advisors to draw up flotation plans, but the airline called it speculation.
Jan 18, 2023 · Who owns Virgin Atlantic? Virgin Atlantic is majority owned by Sir Richard Branson, owner and founder of the entire Virgin Group. He owns 51% of Virgin Atlantic shares, while the other 49% are owned by Delta Airlines. Virgin Atlantic’s management team. Virgin Atlantic’s management team are: Shai Weiss – Chief Executive Officer
Jul 14, 2020 · Troubled airline Virgin Atlantic has finalised a rescue deal worth £1.2bn that should protect thousands of jobs. ... Virgin Group owns 51% of the airline, with the rest held by US carrier Delta ...
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Dec 13, 2021 · 13 December 2021. Virgin Atlantic has announced the completion of a £400m new investment from its shareholders, Virgin Group and Delta Air Lines. The investment positions Virgin Atlantic to emerge from the COVID-19 pandemic in a strong financial position, ready to capitalise on market opportunities as demand for travel returns.
