Sources close to Virgin Group, which owns Virgin Atlantic, have said that Virgin Atlantic is set to announce a resuce package worth £1.2bn later today. According to the sources, the money is coming from stakeholders and investors already involved with the airline and will involve a restructuring of the airline [read more]
Virgin Atlantic (VS/VIR) recently announced it was to resume passenger flights from London Heathrow from 20th July but only to limited destinations. The initial offering included just Orlando, Hong Kong, Los Angeles, New York JFK and Shanghai but has now delayed the resumption of the Heathrow – Orlando service to [read more]
Virgin Atlantic (VS/VIR) has said it will resume passenger flights from London Heathrow (LHR/EGLL) to five destinations across the globe from 20th July following the grounding imposed by the Coronavirus Pandemic. The airline will start back with flights to Orlando (MCO/KMCO) and Hong Kong (HKG/VHHH) on the Saturday before being [read more]
Virgin Atlantic (VS/VIR) has released details of its planned flying programme for Summer 2021 with a total of 31 routes planned. The majority of the flights (24) will operate from London Heathrow (LHR/EGLL) while the rest will operate from Belfast (BFS/EGAA), Glasgow (GLA/EGPF) and Manchester (MAN/EGCC). As previously announced, Virgin [read more]
Virgin Atlantic (VS/VIR) is to axe its base at London Gatwick Airport (LGW/EGKK) as well as up to 3,000 workers as it plans its recovery from the Coronavirus Pandemic. In an internal Memo to staff seen by us, Virgin CEO Shai Weiss told staff that the current measures in place [read more]
Richard Branson’s Virgin Group is seeking a buyer for Virgin Atlantic (VS/VIR) as sources close to the situation say that no government help will be available for the airline. The airline had sought a £500m government loan and Mr Branson even offered his private island as collateral but the reports [read more]
The Chief Executive of Manchester Airports Group (MAG) Charlie Cornish has written to Chancellor Rishi Sunak to lobby in support of a government deal to bail out Virgin Atlantic (VS/VIR). MAG joins Airbus and Rolls-Royce in supporting the airline which is owned by Richard Bransons’ Virgin Atlantic Limited (51%) and [read more]
Airbus has lobbied the UK Government to provide a bailout for Virgin Atlantic (VS/VIR) as the airline struggles to survive. Sources close to the airline have said several companies have directly contacted the Government setting out the harm it could do. Those companies are understood to also include Heathrow Airport. [read more]
Virgin Atlantic (VS/VIR) is set to ask the UK Government for a bailout totalling around 300 million according to sources close to the airline. The news comes just days after Chancellor Rishi Sunak warned airlines that taxpayers help would be the last resort and they should seek commercial arrangements and [read more]
Virgin Atlantic (VS/VIR) has announced new routes from Manchester Airport (MAN/EGCC) and London Heathrow (LHR/EGLL) starting this Winter season. Manchester Airport Manchester sees a new route to Delhi (DEL/VIDP) from 26th October 2020 and coincides with the airlines 20th year of flying to Delhi from the UK. The three-times-per-week service [read more]
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