Virgin Atlantic to ask British government for financial support
The British airline Virgin Atlantic will knock on the door of the British government for state aid in the coming days, Financial Times (FT) writes. The worldwide travel restrictions have forced many airlines to cut flight schedules, causing economic difficulties.
Virgin Atlantic plane (pic: wikimedia commons)
In addition to Virgin Atlantic, other airlines such as EasyJet, Loganair and Eastern Airways are also considering going to the government for financial support.
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According to FT, regional airlines will be the first to qualify for emergency aid, given the government’s policy to promote economic activity in regions outside London.
Virgin Atlantic’s wealthy owner, Richard Branson, pledged to invest $250 million (224 million euros) in Virgin Group last week, much of which will go to the airline. In addition to Atlantic, companies such as Virgin Hotels and Virgin Rail are also part of Virgin Group.