Virgin Atlantic in talks with UK on coronavirus funds
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” ■