Richard Branson ‘in race to find buyer’ for Virgin Atlantic after offering his £80m private paradise Necker Island as collateral in plea for £500m government bailout Richard Branson wants to sell Virgin Atlantic before June, according to reports It is said that the tycoon has failed in his bid to secure a government bailout Around … Read more
Jackpotjoy and Virgin Games owner ends television and radio advertising during the lockdown By Daily Mail City & Finance Reporter Published: 21:50 BST, 23 April 2020 | Updated: 21:50 BST, 23 April 2020 The owner of Jackpotjoy and Virgin Games has become the first gambling firm to end television and radio advertising during the lockdown. … Read more
Richard Branson has touched a raw nerve with his £500million bailout request for Virgin Atlantic. He is portrayed as a tax-avoiding wastrel, living the high life in the Caribbean with a reputation for treating women carelessly. All this is true and the Virgin Money rescue of Northern Rock after the financial crisis cost the taxpayer … Read more
As one of the world’s wealthiest men, Sir Richard Branson is used to travelling by private jet, holidaying with politicians and hobnobbing with A-listers. But neither his estimated £4 billion fortune nor his audacious networking skills could save the Australian arm of his airline from going into administration yesterday. Virgin Australia, the country’s second biggest … Read more
Virgin Australia has become the first long-haul international airline to go into administration amid the coronavirus pandemic. Sir Richard Branson has vowed that ‘this is not the end’ for his Australian franchise as he urged the UK Government to help save Virgin Atlantic amid fears it could go under. The Virgin Group boss is thought … Read more
Virgin Australia has gone into voluntary administration, putting 16,000 jobs under threat. The airline will be managed by accountants from Deloitte while it restructures and looks for a buyer. There are fears the restructure will involve scrapping less profitable routes, particularly to regional areas, meaning Qantas will be the only provider and can push up … Read more
To all the Virgin family, For 50 years I have been humbled by the incredible pride our people take in working for Virgin. It is the people across all our businesses, and the hundreds of thousands of people who have worked with us over the years, that make this company so special. They tell their … Read more
Virgin Australia ‘sensationally collapses into voluntary administration after failing crisis talks failed to save the embattled airline’ – leaving 16,000 employees in limbo Virgin’s board is reported to have put the airline into voluntary administration The airline would not confirm or deny the claim on Monday evening 16,000 jobs at risk however the airline could … Read more
Virgin Atlantic has unveiled the cabin for its new Airbus A350-1000 aircraft – and it has been transformed throughout. The business class section, which Virgin Atlantic calls ‘Upper Class’, features brand new suites and a ‘social space’ called ‘The Loft’. The carrier operates bars on all its long-haul aircraft, but said that this is ‘the … Read more
The jets may be grounded – but your air miles can still soar (and you don’t even have to leave your home) Use airlines’ online stores for larger purchases in order to boost your air miles A little-known Tesco Clubcard trick lets you earn a large number of air miles You can earn extra BA Avios … Read more