Coronavirus: Branson’s Virgin Atlantic lands £1.2bn rescue deal

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Coronavirus: Branson’s Virgin Atlantic lands £1.2bn rescue deal
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BREAKING: Sir Richard Branson’s Virgin Atlantic Airways is close to unveiling a £1.2bn rescue package that will salvage thousands of British aviation jobs Read more:

Virgin Atlantic is also cutting the size of its fleet and retiring older planes including its Boeing 747s.Since the coronavirus outbreak, the company has furloughed thousands of staff and seen its top executives agree substantial pay cuts.

The company is expected to resume passenger flights on 20 July to destinations including Hong Kong, Los Angeles and New York, although Delta has warned that the recovery of demand for international travel is likely to lag domestic US aviation by a year.

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