All Virgin Atlantic Airways articles – Page 6
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NewsCreditors to vote on Virgin Atlantic restructuring plan on 25 August
Virgin Atlantic creditors will vote on the UK carrier’s restructuring plan at a meeting on 25 August after court proceedings in London yesterday.
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NewsVirgin Atlantic seeks bankruptcy protection in New York
UK carrier Virgin Atlantic Airways has filed for Chapter 15 bankruptcy protection in the USA, stating that it will run out of cash in September after months of attempts to cut costs, raise capital and seek UK government assistance.
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NewsVirgin Atlantic eyes profit from 2022 after sealing vital £1.2bn refinancing
Virgin Atlantic has finalised a £1.2 billion refinancing package over the next 18 months.
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NewsVirgin Atlantic to resume services with five US and Asian destinations
UK long-haul operator Virgin Atlantic is aiming to restore passenger services from 20 July, unveiling an initial set of routes to US and Asia-Pacific destinations. Virgin Atlantic plans to add further routes in August. The carrier says it will resume passenger operations from London Heathrow to Hong Kong and Orlando ...
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NewsFor Virgin Orbit, partial success is major milestone
First attempt to fly Virgin Group’s satellite launch system ends after 9s with engine shutdown, but wealth of data and smooth run through ground operations routine offers encouragement
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NewsBranson to sell shares in Virgin Galactic to help troubled travel businesses
Richard Branson’s Virgin Group is looking to sell some of its stake in Virgin Galactic to help raise proceeds to support its troubled leisure, holiday and travel businesses.
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PodcastAirline Business podcast: What will industry look like when flying restarts?
With talk in some regions turning to how airline markets might open up again as coronavirus cases peak, Graham and Lewis examine the current state of the industry and where it might be heading. Among the topics considered, they look at Virgin Australia’s demise and the moral hazard faced by ...
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NewsVirgin Atlantic needs state support to survive: Branson
Virgin Atlantic needs government support to survive the coronavirus crisis, the airline’s founder warned today.
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NewsVirgin Atlantic to cut 80% of flights and ground 75-85% of fleet
Virgin Atlantic will reduce its flight schedule by 80% and park three-quarters of its fleet by 26 March, in addition to asking staff to take eight weeks of unpaid leave as it seeks to conserve cash and safeguard its future. The UK carrier says it is taking the “drastic measures” ...
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NewsIAG not seeking state aid as Virgin appeals for government credit
IAG has not approached governments for state aid to assist the company through the coronavirus crisis, chief executive Willie Walsh has disclosed. Speaking during a 16 March briefing, Walsh said the company had not followed other individual carriers in seeking financial assistance from governments. “Governments would expect airlines to look ...
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NewsCoronavirus dealt fatal blow to embattled Flybe: shareholder
Impact of the coronavirus outbreak sealed the fate of struggling UK regional carrier Flybe, shareholder Virgin Atlantic has claimed. Virgin Atlantic was one of three investors in the Connect Airways consortium which took over Flybe a little more than a year ago and intended to develop the airline as a ...
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NewsVirgin Atlantic to resume Cape Town flights after six year absence
Virgin Atlantic is resuming seasonal service to Cape Town, six years after axing the South African city from its network.
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NewsAir France-KLM seeks new equilibrium with Virgin Atlantic
Air France-KLM has confirmed it is renegotiating with Virgin Atlantic the terms of their planned transatlantic joint venture with Delta Air Lines, after the UK carrier’s majority shareholder Richard Branson disclosed that he had scrapped a plan to sell a stake to the Franco-Dutch group.
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NewsVirgin A350-1000 sale influenced by subsidies: WTO
Virgin Atlantic’s order for 12 Airbus A350-1000s has played a central part in the World Trade Organization’s latest assessment as to whether subsidies influenced the competitive field against Boeing in the commercial aircraft market.
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DOT approves Delta’s four-way joint venture without Alitalia
The US Department of Transportation has formally approved the joint venture proposed by Delta Air Lines, Air France, KLM and Virgin Atlantic Airways, tentatively approved in August, while agreeing with opponents of the collaboration that Alitalia would definitely not be included under the deal.
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NewsVirgin Atlantic reinforces Indian network with summer schedule
Virgin Atlantic is adding a second daily frequency to Delhi to further beef up its Indian network from London Heathrow, as part of a summer schedule in which it will also deploy its new A350 across four more routes.
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Virgin launches Canadian codeshare with Delta partner WestJet
Virgin Atlantic is to begin codesharing with WestJet on points to and within Canada.
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Australian watchdog allows Virgin carriers to deepen ties
The Australian competition watchdog has given its official approval for Virgin Australia to co-operate with Virgin Atlantic on flights between Australia and the UK and Ireland, via Hong Kong and Los Angeles.
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PodcastPODCAST: Airline Business on UK, Delta, Brazil, China, Emirates
The new edition of the Airline Business podcast is now available.
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NewsMark Anderson on foundations for Virgin Connect
The chief executive of Virgin Connect believes right-sizing of the fleet, a clearer focus and connections with Virgin Atlantic can help the carrier emerge from its Flybe foundations and return to profit in 2020.