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Virgin Atlantic boss seeks 7.5 billion-pound UK airline bailout: Sky News

Published 03/14/2020, 06:12 PM
Updated 03/14/2020, 06:16 PM
Virgin Atlantic boss seeks 7.5 billion-pound UK airline bailout: Sky News

(Reuters) - Virgin Atlantic's chairman Peter Norris will write to British Prime Minister Boris Johnson on Monday saying the country's airline industry needs emergency government support worth 7.5 billion pounds ($9.20 billion) or risks the loss of tens of thousands of jobs, Sky News reported on Saturday.

The letter would ask the British government to provide airlines with a credit facility to help them through a potentially prolonged period of slumping revenue amid the coronavirus pandemic, Sky News said, citing sources.

Latest comments

you guys should stop complaining and realise this is a good opportunity to buy shares cause long run they will increase.... no one is gonna stop flying because ***else are they gonna do. dont buy yet though... they will fall further
They got tax cuts in 11 yr expansion economy instead of using it to service debt they engaged in large buy backs of shares...tdy they are running out of cash it's wake up call they call on governments sham!.
Every company in any country will take advantage of the rate cuts trends around the world
Get the money from Bronson.
What a bum! Use your own money to run your business.
LOL. For real bruv
if this carries on till summer, pretty much ALL airlines will be needing financial support, or worse.. not the brighest of remarks, although i do understand a multibillionaire asking for free loans but still living like a multiibillionaire doesnt make sense
you are completely right.. they were doing buybacks till Yesterday...
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