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Virgin Atlantic 'still talking' with UK govt on bailout
TIWN
TIWN
PHOTO : TIWN
London, April 26 (TIWN) British airline Virgin Atlantic was still talking with the UK government about a bailout package to cope with the devastating effects of the coronavirus pandemic on travel, a company spokesperson has said.
The report also claimed that talks with the government for a 500 million pounds ($618 million) bailout package had been “effectively shelved”. But the airline’s spokesperson said that 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 was quoted as saying by the newspaper.
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