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Virgin Atlantic in talks with UK on coronavirus funds

Christian Fernsby |
Virgin Atlantic is still talking with the British government about a bailout package to cope with the devastating effects of the coronavirus outbreak on travel as well as focusing on private sector funding, a company spokeswoman told Reuters.

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Topics: VIRGIN ATLANTIC    CORONAVIRUS    UK   

The comments came after the Sunday Telegraph reported here that founder Richard Branson was seeking a buyer for the airline and had set a May-end deadline for a sale, and that talks with the government for a 500 million pound ($618.35 million) bailout package had been "effectively shelved."

The spokeswoman said it was incorrect to say that the company has set a deadline to seek a buyer.

“Because of significant costs to our business caused by unprecedented market conditions which the COVID-19 crisis has brought with it, we are exploring all available options to obtain additional external funding,” she said.

She said talks with the British government were “ongoing and constructive”


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