Earlier in the week, Branson had said that Virgin Atlantic would only survive the outbreak if it gets financial support from the UK government.
Sir Richard Branson has said Virgin Atlantic would only survive the outbreak if it gets financial support from the UK government
The report also claims talks with the government for a £500 million bailout package had been ‘effectively shelved.’ She said: ‘Because of significant costs to our business caused by unprecedented market conditions which the COVID-19 crisis has brought with it, we are exploring all available options to obtain additional external funding.’For our Coronavirus live blogIn its report, the Sunday Telegraph quoted sources as saying that Lansdowne Partners, Singapore sovereign wealth fund Temasek and Northill Capital were among the investors interested in rescuing the airline.
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