Virgin Altlantic (VS/VIR) is to cut 1,150 more jobs as its £1.2bn rescue plan gets approved. The airline has already made significant with 3,500 jobs lost from its 10,000 strong workforce already. Virgin is being hit by uncertainty in the Transatlantic Market, which is its core business, and part of [read more]
Virgin Atlantic (VS/VIR) is launching new direct services from Manchester Airport (MAN/EGCC) to Islamabad and London Heathrow (LHR/EGLL) to Lahore & Islamabad. Both services will start in December 2020 with the Lahore service operating 3 times-per-week and the Islamabad service operating 4 times-per-week. Virgin Atlantic said “We’re thrilled to let [read more]
Virgin Atlantic (VS/VIR) has filed for Bankruptcy Protection under Chapter 15 in the Southern District of New York today just hours after it told a London Court it would run out of money in September. The filing does not mean the airline is bankrupt but is often seen as the [read more]
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]
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