for our customers.
virgin atlantic announces
plans to cut more than
3000 jobs in the uk.
the economic effects
of the coronavirus pandemic
have caused big problems
for virgin galactic‘s founder
sir richard branson.
have times when sir
richard bra nson launched
virgin atlantic.
the billionaire request
financial bailout from the uk
government for struggling
virgin atlantic, hit hard
like all airlines due
to the collapse of travel
during the pandemic.
uk's government
rejected the bid.
this week, a uk court also
heard a carrier could run out
of money if its creditors don't
approve a £1.2 billion rescue
package, which has now been
secured through private
funding.
and is part of the court
sanctioned process needs
the creditors approval,
virgin atlantic has filed
chapter 15 bankruptcy
protection in us courts.
since the crisis began,
branson has now sold
a £a05 million stake
in virgin galactic, part
of which has now been
pumped into the airline.
however the virgin
group's wider albums
affected...