Branson:VIRGIN may have disappeared...
In an extraordinarily candid admission whilst being interviewed recently, Branson said:
"Virgin Atlantic may have disappeared if HBOS had gone, it could have been that serious," Sir Richard said, adding it would have been "no fault of our own".
In an interview with Fox News he said: "HBOS looked like it was going to go bankrupt in Europe so Virgin Atlantic rings up HBOS, we have a billion pounds on deposit - not really our money, it's people who've bought tickets, people who've bought holidays - and we said, 'We want it out. We want to move it to another bank.'
How embarrassing for Virgin that Branson would make this public knowledge