On this day in 2006, the Virgin Atlantic Global Flyer arrived at our Udvar-Hazy Center to join our collection. Steve Fossett flew it on the first nonstop, solo flight around the world without refueling: #IdeasThatDefy
Exclusive: Lenders to Virgin Atlantic Airways have drafted in Deloitte to advise them on their exposure to the troubled airline as it continues parallel discussions with the government and private investors about a £500m-plus rescue package.
Coronavirus: Virgin Atlantic lenders brace for restructuring hit
BREAKING: Virgin Atlantic says with government restrictions in place there will not be demand to resume flights before August at the earliest. Sky's @adamboultonSKY has the latest. Get the latest on #coronavirus :
Virgin Atlantic says plans for 14-day quarantine for travellers “will prevent flights from resuming"
JCPenny in bankruptcy. J Crew in bankruptcy. Neiman-Marcus in bankruptcy. United Airlines bond deal flops. Airplanes are not good collateral. Branson says Virgin Atlantic might not make it. 50%-90% of tenants not paying rent. Wave of bankruptcies coming.
BREAKING: Virgin Atlantic plans to cut about 80% of flights each day by the 26th of March, grounding 75% of planes by then. They are also asking staff to take 8 weeks of unpaid leave during the next three months. More on #COVID19 here:
There is absolutely no case for bailing out airlines. Banks should support the likely survivors and let the rest go to the wall, including Virgin Atlantic if its shareholders won't cough up the necessary. Others will soon take their place once the pandemic subsides