Friday, 25 September, 2020

Coronavirus: Virgin Atlantic to seek bailout in coming days

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Virgin Airways has witnessed passengers figures slump as countries close boarders and enact travel bans

Virgin Atlantic is anticipated to inquire for a federal government bailout really worth hundreds of millions of lbs in the coming times, the BBC understands.

Requests for point out help are also envisioned from other airlines.

The Authorities has mentioned it will only stage in to help having difficulties airlines “as a previous resort” and on a circumstance-by-situation foundation.

British isles-centered airlines have previously declared measures to preserve revenue such as briefly laying-off team.

Virgin Atlantic experienced previously proposed the Government offer you United kingdom carriers £7.5 billion in credit rating services.

The broad bulk of flights to and from the British isles have been grounded amid the coronavirus pandemic.

Some airways like British Airways are nevertheless working a range of rescue flights to carry stranded Brits dwelling.

The US Senate on Wednesday handed a $58 billion (£46.6 billion) aid bundle for its airline market, which included funds for paying pilot, crew and team salaries.

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