Richard Branson Wants a Virgin Atlantic Bailout. Really?


How will Mr. Branson get on without an infusion of taxpayer money?

(From Bloomberg)

To help alleviate a financial crunch, Virgin Atlantic is calling on Boris Johnson’s British government to provide 500 million pounds of government-backed loans and credit guarantees, so that credit card processors don’t hold onto its cash. Airbus SE and Rolls-Royce Holdings Plc, which respectively sold planes and engines to Virgin Atlantic, have also been lobbying the U.K. on Virgin Atlantic’s behalf, the Financial Times reported.

Reprinted from: https://www.ac2news.com/2020/04/richard-branson-wants-a-virgin-atlantic-bailout-really/

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