Thread: Virgin Atlantic
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Old 24th Apr 2020, 22:58
  #319 (permalink)  
Maxfli
 
Join Date: May 1999
Location: Europe
Posts: 148
As I understand it so far in terms of Government Financial Support...............

Lufthansa negotiating to get €10B (includes aid for Swiss & Brussels Airlines)
https://www.reuters.com/article/us-h...-idUSKCN2252Y6

AF/KLM to get €7B
https://finance.yahoo.com/news/air-f...182631506.html

easyJet to get €500M
https://www.theguardian.com/business...asury-and-bank

SAS to get $350M
https://www.forbes.com/sites/davidni.../#7e80bad519b4

Alitalia got €400m in February

TAP
The Portuguese Prime Minister, Antonio Costa, said today that TAP Air Portugal could be nationalized in the coming days.

I doubt Team Boris have the balls to let Virgin Atlantic collapse, they just want to see a decent chunk being put on the table by the shareholders.
Delta have said they're not in a position to do so, it therefore falls to Virgin Holdings to put cash on the table and chase Delta for their tab, maybe through a shareholding transfer.

VA will get through this, very best to all.
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