Virgin Atlantic told to resubmit bailout bid by ‘unimpressed’ UK Treasury

FINANCIAL TIMES 🔒| Virgin Atlantic has been told to resubmit its proposal for a £500m coronavirus bailout package after the UK government was left unimpressed with its initial bid, the FT can reveal.  The carrier is the first UK airline to seek a bespoke support package from the government as it battles one of the worst crises in the history of aviation with many countries having restricted air travel to contain the disease.  However, Virgin Atlantic’s proposal for a £500m package of commercial loans and guarantees has failed to impress the government.

To read full article, click here (subscription required).

  • LinkedIn
  • Twitter

© 2020 Energen. This website represents a proof of concept of the future platform