Coronavirus: UK airlines await government rescue package March 22, 2020 The UK’s airlines are hopeful that the government will unveil its special package of measures to combat the financial impact of the coronavirus outbreak in the coming days as they struggle to remain airborne due to the slump in air travel. The aviation sector remains in talks with transport secretary Grant Shapps over the shape [...]
Virgin Atlantic calls on government for £7.5bn airline bailout package March 15, 2020 Virgin Atlantic’s chiefs are preparing to send a letter to Prime Minister Boris Johnson calling for the government to provide a £7.5bn package to support airlines, which have been decimated by the coronavirus outbreak. Sky News reported that Virgin Group chairman Peter Norris will write to Johnson on Monday warning him of the potentially devastating [...]
Virgin Atlantic CEO takes 20 per cent pay cut on coronavirus fears March 4, 2020 Virgin Atlantic chief executive Shai Weiss will take a 20 per cent pay cut between April and June as the world’s airlines continue to be battered by the coronavirus outbreak. The rest of the executive team have agreed to a 15 per cent decrease as the Sir Richard Branson-backed airline battles the slump in demand [...]
Troubled airline Flybe insists flights continue as normal amid survival funding talks January 13, 2020 Flybe’s chief executive today pleaded with employees not to give away details of its financial situation, as the struggling airline remained tight-lipped on reports that it is hurtling towards collapse today. Europe’s biggest regional carrier was rocked by suggestions that it is in a fresh battle for survival on Sunday night, less than a year [...]
Top tips for negotiations from Sir Richard Branson November 8, 2019 Israel is famous for its savvy negotiators. So to launch the new Virgin Atlantic route from London to Tel Aviv, I went head-to-head with its residents to put my skills to the test — and I had to bring my A-game. It was no easy feat. The people of Tel Aviv know how to drive [...]
Virgin Atlantic in fresh broadside against British Airways owner over Heathrow slots October 17, 2019 A war of words between two of Britain’s two biggest airlines over take-off and landing slots at Heathrow escalated further this morning, as Virgin Atlantic’s boss launched a fresh salvo against the dominance of British Airways owner International Airlines Group (IAG) at the airport. Shai Weiss, Virgin Atlantic’s outspoken chief executive, revealed he had set [...]