coronavirus pandemic. An announcement is expected to be made as soon as Tuesday afternoon, Sky News reports. Sir Richard Branson's Virgin Group will give £200m in cash and Davidson Kempner, a hedge fund, will lend £170m, it is claimed.Along with other investments, the package is thought to be worth up to £1.2bn over 18 months.Daily Star Online has approached Virgin Atlantic for comment.
Two months ago, the airline announced 3,150 jobs losses, representing almost a third of its 10,000 UK workforce.At the time, the airline said it would cease operations from Gatwick airport, and instead focus on Heathrow and Manchester in an effort to save money.Virgin Atlantic also said it plans to cut the size of its fleet from 45 aircraft to 36 by the.
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