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Richard Branson races to find Virgin Atlantic buyer
UK Telegraph ^
| April 26, 2020
| Oliver Gill
Posted on 04/26/2020 5:46:44 AM PDT by C19fan
Sir Richard Branson is seeking a buyer for Virgin Atlantic and has set an end-of-May deadline to save the airline from collapse after a taxpayer bailout proved beyond his reach. The Sunday Telegraph has learnt that the pursuit of a £500m government package has been effectively shelved and that the airline is now focused on securing new private investment in the shadow of potential insolvency.
(Excerpt) Read more at telegraph.co.uk ...
TOPICS: Business/Economy; Health/Medicine; Travel
KEYWORDS: airlines; branson; richardbranson; sirrichardbranson; virgin; virginairlines; virginatlantic; virus
1
posted on
04/26/2020 5:46:44 AM PDT
by
C19fan
To: C19fan
insolvency? That will reflect poorly on his relationship with the Obamas.
2
posted on
04/26/2020 5:49:58 AM PDT
by
Lurkina.n.Learnin
(The Revolution Will Not Be Televised but It Will Be Livestreamed)
To: Lurkina.n.Learnin
3
posted on
04/26/2020 5:51:01 AM PDT
by
rktman
( #My2ndAmend! ----- Enlisted in the Navy in '67 to protect folks rights to strip my rights. WTH?)
To: Lurkina.n.Learnin
Billionaire looking for taxpayer bailout...MSM awfully quiet
4
posted on
04/26/2020 5:52:08 AM PDT
by
frogjerk
(We are conservatives. Not libertarians, not "fiscal conservatives", not moderates)
To: C19fan
This is turning into a huge disaster. Finally after 60 years developing the structural problems that we have our entire system is tottering.
Bezos gets wealthier, the bankers get wealthier, and anyone with productive assets finds he is facing bankruptcy.
To keep the CHICOMs from owning all the productive assets in the Western world we need bankruptcy relief for productive businesses with productive physical assets. This means people who used to do real trade in goods and services and not all the new-age tech jerks who have figured out how to take a percentage of everything that happens.
To: frogjerk
He was a billionaire, but his holdings are in airplanes and luxury properties, not financial derivatives.
To: C19fan
$500 million stands between Branson keeping or losing Virgin Atlantic? That doesn’t bode well for his pet project Virgin Galactic.
7
posted on
04/26/2020 5:57:49 AM PDT
by
Yo-Yo
( is the /sarc tag really necessary?)
To: C19fan
8
posted on
04/26/2020 5:57:51 AM PDT
by
wally_bert
(Transmission tone, Selma.)
To: frogjerk
Tax-dodging billionaire looking for taxpayer bailout... Fixed.
9
posted on
04/26/2020 6:08:44 AM PDT
by
KevinB
("Ignorance more frequently begets confidence than does knowledge." - Charles Darwin)
To: C19fan
China will buy it and rename it Ribald Pacific.
10
posted on
04/26/2020 6:17:35 AM PDT
by
outofsalt
(If history teaches us anything, it's that history rarely teaches anything.)
To: C19fan
Alternate headline: Tax Dodger Hoisted by his own Petard.
11
posted on
04/26/2020 6:30:34 AM PDT
by
mac_truck
(aide toi et dieu t'aidera)
To: C19fan
Virgin Atlantic is a nice airline. My sister and BIL flys it when they fly to the UK (to visit BIL's parents and family) and I flew on it to the UK.
That said, Sir Richard Branson is a moron, but I hope Virgin Atlantic survive.
12
posted on
04/26/2020 6:56:46 AM PDT
by
Deplorable American1776
(Proud to be a DeplorableAmerican with a Deplorable Family...even the dog is, too. :-))
Comment #13 Removed by Moderator
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