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Virgin Atlantic cuts 3,150 jobs in coronavirus pandemic after £500m bailout fails
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dailystar.co.ukVirgin Atlantic has slashed over 3,000 jobs after Richard Branson failed to secure a £500m government loan to keep his struggling airline afloat.
The airline has over 10,000 UK staff and operates from Gatwick, Heathrow and Manchester. It comes after billionaire Virgin boss Richard Branson – who has a personal fortune of £3.5billion – sparked fury by begging Number 10 for a £500million bailout after the pandemic closed thousands of routes.
But he was forced to put parts of the airline up for sale after failing to secure a government loan – even though he offered his Caribbean island up as collateral.
Investment bank Houlihan Loke is said to be in discussions with 50 potential investors. Last month Virgin Australia plunged into
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