Virgin Atlantic requests emergency financial assistance from government

Virgin Atlantic has announced is joining with other UK airlines to request up to GBP 9.5m in emergency government support to avoid a catastrophe that would tip out tens of thousands of jobs, the company said.

British Airways, Virgin Atlantic, easyJet and Ryanair are all expected to announce mass groundings of aircraft and potentially huge redundancies as the COVID-19 crisis escalates.

That support would include cash advances and guarantees, as well as other measures to ensure that credit card companies do not continue to hoard revenue from airline bookings.

Virgin Atlantic requests emergency financial assistance from government

Virgin Atlantic has announced is joining with other UK airlines to request up to GBP 9.5m in emergency government support to avoid a catastrophe that would tip out tens of thousands of jobs, the company said.

British Airways, Virgin Atlantic, easyJet and Ryanair are all expected to announce mass groundings of aircraft and potentially huge redundancies as the COVID-19 crisis escalates.

That support would include cash advances and guarantees, as well as other measures to ensure that credit card companies do not continue to hoard revenue from airline bookings.