* items include readers letters

7 SEPTEMBER 2020

YOUR WORDS


Readers are invited to add their comments to any story. Click on the article to see and add.

BTN DISTRIBUTION

BTN also goes out by email every Sunday night at midnight (UK time). To view this edition click here.

Index

Email this Page
Bookmark

The Business Travel News
PO Box 758
Edgware HA8 4QF
United Kingdom
+44 (0)20 8952 8383
info@btnews.co.uk
© 2021 Business Travel News Ltd.

Article from BTNews 7 SEPTEMBER 2020

Virgin gets the all-clear

As suggested in BTN 31 August Virgin Atlantic has confirmed the completion of the £1.2bn recapitalisation of the airline and holiday business.

CEO Shai Weiss summed up the situation as he looked forward to the future.   “Together, we have achieved what many thought impossible and that is down to the efforts and sacrifices of so many across the company. The completion of the private-only, solvent recapitalisation of Virgin Atlantic removes much of the uncertainty we faced and represents a major step forward in our fight for survival. We greatly appreciate the support of our shareholders, creditors and new private investors and together, we will ensure that the airline continues to provide vital connectivity and competition.”

He also noted the further downsizing across the business, with a planned reduction of 1,150 jobs across all functions. Working closely with unions Unite and BALPA, a company-wide consultation period of 45 days has begun.

“After the sacrifices so many of our people have made, further reducing the number of people we employ is heart-breaking but essential for survival.”   

He called for both UK and US governments to introduce robust passenger testing regimes to lift travel restrictions whilst protecting public health.

Mr Weis described as a skeleton operation the services now in place to Barbados, Delhi, Hong Kong, New York JFK, Los Angeles, Miami, Shanghai and Tel Aviv. (Full future restart programme listed in last week's BTN).

www.virginatlantic.com

Index/Home page
 

OUR READERS' FINEST WORDS (All times and dates are GMT)

All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum


No one has commented yet, why don't you start the ball rolling?


Add your comment

First Name
Surname
Email Address
Company (Not obligatory)
Country/City
Comment
- You must be a registered subscriber using the email address entered to submit a comment, or you will be sent a confirmation email before your comment will appear.
- Your comment will be checked before appearing, which may take several working hours.
www.btnews.co.uk