UK tax payers will want to see Virgin trying to raise cash , as instructed by Rishi Sunak the other day.
He wants Airlines to follow the Cruise ship companies example eg Carnival last Tuesday 31st March said that it is issuing $1.25 billion of stock while also taking on nearly $5 billion of additional debt. Also its turning to all corners of the capital markets to raise at least $6 billion of cash tapping Bond Mkt investors.
So why airlines think they can turn to the exchequer and the tax payers cheque book is a mystery ???
.... Sunak knows the mkts having been an investment fund manager etc etc with the likes of G.Sachs ..... he knows they will if they want to survive, theres plenty of avenues for them to go down in efforts to raise money !!!
Why they see themselves as a special case is they think they have Leverage with the Govt due to the numbers of employees and related businesses dependancy and their supply chains etc ..... Time to wake up Airlines , raise your own cash . The US Govt are taking a stake in their airlines for mainly one reason .... Boeing .
Uk doesnt have that desire with airbus and RR.