Simple Flying - Laura Ash
Yesterday, it emerged that business tycoon Richard Branson will be allowed to sell half of his stake in space-company Virgin Galatic. The share, which could amount to some US$1bn, could theoretically provide support to struggling Virgin Atlantic and Virgin Australia for them to stay afloat through this crisis. But would it be enough?
Virgin Australia was denied its own government bailout at the start of last month. On 2nd April, we reported that the Australian government had said it would not impart the AU$1.4bn (US$890m) that Virgin Australia had requested...more