🔥 Virgin Atlantic - Wikipedia

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Richard Branson, founder and president of Virgin Atlantic Airways Ltd., attends a news conference [+] ahead of the Venezuela Live Aid.


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Virgin Australia is currently owned by a number of major shareholders including Sir Richard Branson. Administrators for the airline, Deloitte, said.


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Although Branson's 10% stake in Virgin Australia will be wiped out during the administration process, his support for the airline could be.


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Sir Richard Charles Nicholas Branson (born 18 July ) is a British business magnate, Branson formed Virgin Atlantic Airways and Virgin Cargo in Branson and Tony Fernandes, owner of Air Asia and Lotus F1 Racing, had a bet​.


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But it's logical as the Virgin founder confronts a truth. Branson's airline empire is fading. Despite all their glam and publicity, Branson's airlines.


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Sir Richard Charles Nicholas Branson (born 18 July ) is a British business magnate, Branson formed Virgin Atlantic Airways and Virgin Cargo in Branson and Tony Fernandes, owner of Air Asia and Lotus F1 Racing, had a bet​.


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Since Richard Branson founded Virgin Atlantic in , it has established itself as a leading global airline after overcoming BA's Dirty Tricks campaign. Virgin.


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Although Branson's 10% stake in Virgin Australia will be wiped out during the administration process, his support for the airline could be.


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Sir Richard Branson is offering to put up his private island, Necker Island, as collateral to save his Virgin Atlantic airline from collapsing.


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Although Branson's 10% stake in Virgin Australia will be wiped out during the administration process, his support for the airline could be.


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Here's why. Airbus to cut 15, jobs. Here's what that means. Billionaire founder Richard Branson said Monday that the airlines need money from the UK and Australian governments to keep going "in the face of the severe uncertainty surrounding travel today," including the lack of clarity over how long planes will have to remain grounded. United says demand for travel is 'essentially zero' and signals layoffs. Branson has been criticized for seeking help from the government when he does not pay UK income tax because his primary residence is on Necker Island, which he bought when he was He addressed the criticism in his letter, saying that he and his wife Joan "did not leave Britain for tax reasons but for our love of the beautiful British Virgin Islands and in particular Necker Island.{/INSERTKEYS}{/PARAGRAPH} Boeing won't be returning to 'normal' anytime soon. The US is in a recession. {PARAGRAPH}{INSERTKEYS}London CNN Business Virgin Atlantic and Virgin Australia will need government support if they're to survive the economic crisis triggered by the coronavirus pandemic. Chat with us in Facebook Messenger. Without it there won't be any competition left and hundreds of thousands more jobs will be lost, along with critical connectivity and huge economic value," he said. Travel bans and nationwide lockdowns have brought global aviation almost to a standstill, prompting dozens of airlines to ground planes and place workers on unpaid leave. Financial expert explains how to protect vacation plans. Unemployed Americans turn to food banks in record numbers. More Videos This coronavirus-killing MIT robot could end up in your local supermarket. Plexiglass, masks, warning signs: Is this the office of the future? Lufthansa DLAKY , one of Europe's biggest airline groups, is permanently reducing the size of its fleet and shutting down one of its low-cost carriers, warning that the aviation sector will take years to recover from the crisis. The company employs 70, people in 35 countries. Paycheck Protection Program stops issuing new loans. Here's where meat prices are headed. Instead, individual airlines are tapping government support to pay staff salaries and raise debt. A spokesperson for Virgin Atlantic said the airline is "exploring all available options to obtain additional external funding. US economy added 4. Virgin Group operates in many of the sectors that have been hardest hit by the coronavirus pandemic, including aviation, leisure, hotels and cruises. America could run out of fireworks this weekend. These seafarers have been stuck at sea for months. European businesses may feel pinch after EU bars US tourists. US facing 'avalanche of evictions' as rent freezes expire. Fewer Black businesses eligible for pandemic aid. Find out what's happening in the world as it unfolds. The government said it will consider the situation of firms on a case-by-case basis. Why budget airlines could see big changes post pandemic. Virgin Atlantic will seek a commercial loan from the UK government, which it will repay, Branson added, without giving details of how much money it needs.