Originally Posted by
B772
News out of London today is Virgin Atlantic needs bailing out. Branson's group only owns 20% so it will be interesting to see if he stumps up. I suspect not. He will ask for assistance from the U.K Government. I believe Branson asked Scurrah to ask the Australian Government for $1.4B. Now we have Scurrah making statements such as an airline monopoly (read QF) will damage the economy. I doubt he is qualified to make that statement let alone manage an airline..
Branson still owns 51% of VS. The deal with AF/KL to buy 30% fell through and Branson kept his stake.
Source:
https://www.ft.com/content/0a67e5f4-...3-6303645ac406