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Cornonavirus: Crisis-hit Virgin Atlantic files for bankruptcy

At the same time Virgin Australia's new owner Bain Capital is cutting around 3,000 jobs at the airline.

Plans for huge revamp of Edinburgh's Waverley Station unveiled

A proposed Concept Masterplan, which cost £500,000 to develop, has been drawn up, outlining Edinburgh City Council, the Scottish Government and Network Rail’s ‘exciting and ambitious’ vision for the station’s future.

Wednesday, 05 August 2020

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  • Getting Building FundThe government has agreed projects with mayors and local enterprise partnerships funded by the Getting Building Fund.

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  • Virgin Atlantic files for bankruptcy as Covid continues to hurt airlinesAirline seeks protection under US’s bankruptcy code, allowing it to shield assets in the countryVirgin Atlantic has declared itself bankrupt and is seeking protection from creditors in the US, according to a court filing in New York on Tuesday.The airline is seeking the protection under chapter 15 of the US bankruptcy code, which allows a foreign debtor to shield assets in the country. The announcement comes little more than a month after Virgin Atlantic announced it had secured funding to survive for another 18 months. Continue reading...

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  • Series of ‘shovel ready’ projects boosted by £66m funding packageEight ‘shovel ready’ projects, ranging from the National Brownfield Land Institute to the redevelopment of University Station in Edgbaston and investment in the Very Light Rail Innovation Centre in Dudley, are to benefit from £66m of Government funding secured for the region.

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