The travel industry has been hit especially hard by the outbreak and Virgin isn't the only airline struggling. … [Read more...] about Virgin Atlantic lenders ‘hire advisers and are braced for restructuring’ after coronavirus grounding
Virgin atlantic to johannesburg
Some of the private investors with which it is holding discussions - which include the hedge funds Davidson Kempner Capital Management and Elliott Advisers, Greybull Capital and Centerbridge - want to know the outcome of talks with the government before committing new capital to the business. … [Read more...] about Coronavirus: Virgin Atlantic lenders brace for restructuring hit
Virgin Australia, the country’s second-biggest airline, is on the brink of collapse after it failed in its attempt to secure a AU$1.4bn (£715m) bailout from the Australian government. The airline, which is 10% owned by Virgin Group, is expected to appoint administrators as soon as Tuesday. … [Read more...] about Branson to mortgage Caribbean island as he seeks Virgin bailout
Their difficulty is that, even were the lockdown to be eased tomorrow, passenger numbers will not return to pre-virus levels for years, if ever. As Heathrow’s chief executive wrote in this newspaper, social distancing measures at airports would require a kilometre-long queue to board a jumbo jet. Faced with yet more hurdles to travel, millions will simply not bother. … [Read more...] about Is the Government refusing to bail out airlines because it thinks they have no future?
July has been signalled for some weeks now as the moment when Spain could reopen to international tourism, although hoteliers and other travel bosses have been complaining rival destinations like Portugal, Greece and Italy were getting the upper hand by setting specific dates. … [Read more...] about Back to Benidorm in JULY! Spanish PM tells tourists ‘we’re waiting for you’ as he vows to ‘safely’ reopen hotspots ahead of more lockdown easing on Monday – but will anyone travel due to UK’s 14-day quarantine rule?