What impact could deplatforming Donald Trump have? All rights reserved. Virgin Atlantic, which primarily offers long-haul travel between the United Kingdom and other parts of the world, had just over 8,500 employees at … Virgin Atlantic files for bankruptcy protection in New York, How Emirates plans to return to 'new normal' by October 2020, Airlines causing ‘financial and emotional distress’ over refund delays, Ryanair, Virgin and Love Holidays worst companies for travel refunds, London to Barbados ‘first class only’ flight delayed. Flybe tax cut proposal branded ‘disaster for the environment’. Virgin Atlantic is upping its cargo operations throughout January as demand increases. What went wrong with Flybe and what happens next? Virgin and Ryanair rated worst for customer service, says Which? Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Find out all the latest news on Virgin Atlantic, along with flights, deals and more. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. The group. What would the UK have looked like without Flybe? Virgin Atlantic is adding 12 cargo-only rotations per week to its schedule as demand for cargo flights remains high. Virgin Atlantic has completed its 1.2 billion-pound ($1.6 billion) restructuring plan and cut 1,150 jobs as the airline seeks to rebuild following the devastation caused by the COVID-19 pandemic New York/London (CNN Business)Virgin Atlantic has filed for bankruptcy in the United States as it races to finalize a $1.5 billion plan to rescue it from the aviation industry's worst crisis. Virgin Atlantic Cargo increased (18-Jan-2021) cargo only operations by 60% in Jan-2021, noting: "Demand to transport cargo remains strong". Virgin Atlantic Airways Ltd.’s lineup of potential backers has narrowed as Richard Branson’s airline races the clock to secure a bailout, people with knowledge of the situation said. or closing this message you agree to our use of cookies. By Rob McLean and Hanna Ziady, CNN Business. For example Virgin Atlantic flight 4 from New York JFK touched down at London Heathrow earlier this morning, and departures for Los Angeles, … FILE - In this June 16. Richard Branson warns Virgin Atlantic will collapse without £500m taxpayer-funded bailout - but offers own $100m private Caribbean island Necker as collateral. Find out all the latest news on Virgin Atlantic, along with flights, deals and more. "The process we have asked to be recognized [in the United States] is a solvent restructuring of an English company... under the English Companies Act," a spokesperson for the company said in a statement. Flybe: is there life in the old airline yet? All times are ET. Coronavirus: Virgin Atlantic lenders brace for restructuring hit Virgin Atlantic's banks have hired Deloitte to advise them on their exposure to the troubled carrier, Sky News learns. Virgin Atlantic, which primarily offers long-haul travel between the United Kingdom and other parts of the world, had just over 8,500 employees at … Disclaimer. Virgin Atlantic has completed “financing transactions” relating to two Boeing 787 aircraft in partnership with Griffin Global Asset Management and Bain Capital Credit. Hello you. Denmark bans tax haven firms from bailout money – will others follow? If the entire proceeds were to be shovelled into Virgin Atlantic in the form of new equity, Branson – in theory – would take a big step towards saving his 51%-owned airline. Virgin Group is contributing £200 million ( $ 262 million ) cargo-only per! Our site more about our virgin atlantic news of cookies and your choices HERE.By clicking OK LET... 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