This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.bbc.co.uk/news/business-52066640
The article has changed 5 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Coronavirus: Virgin Atlantic to seek bailout in coming days | Coronavirus: Virgin Atlantic to seek bailout in coming days |
| (32 minutes later) | |
| Virgin Atlantic is expected to ask for a government bailout worth hundreds of millions of pounds in the coming days, the BBC understands. | Virgin Atlantic is expected to ask for a government bailout worth hundreds of millions of pounds in the coming days, the BBC understands. |
| Requests for state aid are also expected from other airlines. | Requests for state aid are also expected from other airlines. |
| The Government has said it will only step in to help struggling airlines "as a last resort" and on a case-by-case basis. | The Government has said it will only step in to help struggling airlines "as a last resort" and on a case-by-case basis. |
| UK-based airlines have already announced measures to save money such as temporarily laying-off staff. | UK-based airlines have already announced measures to save money such as temporarily laying-off staff. |
| Virgin Atlantic had previously suggested the Government offer UK carriers £7.5 billion in credit facilities. | |
| The airline's founder Sir Richard Branson this week offered to inject £250 million into the Virgin Group, with most of that amount going to the airline. | |
| The vast bulk of flights to and from the UK have been grounded amid the coronavirus pandemic. | The vast bulk of flights to and from the UK have been grounded amid the coronavirus pandemic. |
| Some airlines like British Airways are still operating a number of rescue flights to bring stranded Brits home. | Some airlines like British Airways are still operating a number of rescue flights to bring stranded Brits home. |
| The US Senate on Wednesday passed a $58 billion (£46.6 billion) aid package for its airline industry, which included cash for paying pilot, crew and staff salaries. | The US Senate on Wednesday passed a $58 billion (£46.6 billion) aid package for its airline industry, which included cash for paying pilot, crew and staff salaries. |