Richard Branson to pump £200m into Virgin Atlantic as part of rescue package

The Guardian - Rob Davies

Richard Branson is to inject £200m into Virgin Atlantic to help it survive the devastating effect of coronavirus on air travel, as part of a rescue package of up to £900m, put together months after the airline sought a taxpayer-funded bailout.

Branson will transfer the money from his Virgin Group into the airline, funding the transaction with the proceeds from the sale of $500m of shares in his space tourism venture Virgin Galactic...more