Virgin Atlantic has filed for bankruptcy protection concerning its activities in the United States while it is still waiting for approval for its rescue plan of £1.2 billion announced in July 2020....
On July 15, 2020, Virgin Atlantic Boeing 747 embarked on a short, 30 minute hop from Manchester to St. Athan in Wales. The flight will be the last one for the airliner named Ladybird. ...
As Delta Air Lines announced a massive Q2 2020 net loss, one of the standing out numbers was its charge, related to investments in foreign airlines. Is Delta repeating the mistakes of a certain Middle East airline, or was it just a victim of circumstance?...
Richard Branson’s Virgin Atlantic, which has balanced on the verge of collapse since the inception of the new Coronavirus pandemic, is set to be rescued by a new yet-to-be-announced £1.2 billion deal....
Virgin Atlantic announced that starting July 2020, it will gradually ramp up its services to various international destinations. Most of the services are set to return in August 2020:...
Following airlines such as British Airways, Air Canada, and SAS, Virgin Atlantic announced that it would cut more than 3,100 jobs, over a third of its workforce, to deal with the coronavirus crisis. Additionally, its whole fleet of seven Boeing 747 aircraft will be retired, and its activities at London Gatwick airport will cease....
The two Virgin-owned airlines were among those to ask for their respective governmental guaranteed loans. Both were denied, which could indicate that they have little hope in the two companies, which have little profitability to showcase for their flashy brands....
Ryanair's chief executive Michael O'Leary publicly blasted Lufthansa and Virgin Atlantic over their attempts to claim more state aid....
As it reported a loss of $534 million for the first quarter of 2020, Delta Air Lines ruled out any cash injection into Virgin Atlantic....
The ailing regional airline, Flybe, was finally put to rest: the company announced that it has entered administration and ceased trading with immediate effect. Its franchise partner and Connect Airways subsidiary, is seemingly, continuing to operate....
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