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Montevideo, September 22nd 2023 - 04:26 UTC

Tag: Virgin Airlines

  • Tuesday, March 24th 2020 - 06:33 UTC

    UK considering measures to salvage ruined airline industry

     The government could buy British Airways shares at any given time to ensure an inflow of money (Pic Afp).

    The British government of Prime Minister Boris Johnson is reportedly considering a rescue plan for British Airways (BA) and other airlines which are failing to cope with the coronavirus contingency measures that are keeping their entire fleets grounded.

  • Friday, July 28th 2017 - 12:19 UTC

    Air France-KLM buys 31% of Virgin Airlines; Delta retains 49%

    Virgin Group's share will fall from 51% to 20%, while Delta will retain 49%. Sir Richard said he would remain “very much involved” after the deal.

    Air France-KLM is buying almost a third of Virgin Atlantic, leaving Sir Richard Branson's parent company, Virgin Group, with a minority stake in the airline he founded. Air France-KLM is taking a 31% stake, worth £220m, in Virgin Atlantic as part of a four-way joint-venture with US partner Delta.