Breaking News
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 Ł500,000 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
BBC News
- UK government in 'dialogue' with Airbus, says Alok SharmaThe company plans to cut 1,700 jobs in the UK, mainly at its wings plant at Broughton, Flintshire.
- Cornonavirus: Crisis-hit Virgin Atlantic files for bankruptcyAt the same time Virgin Australia's new owner Bain Capital is cutting around 3,000 jobs at the airline.
- EasyJet increases flights to cope with holidaymaker demandThe airline adds more flights to cope with increasing demand from holidaymakers.
Financial Times
- EasyJet to increase flights after passenger demand risesLow-cost carrier to boost capacity to 40 per cent despite concerns of new surge in coronavirus infections
The Guardian
- 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...
The Telegraph
- Space holidays in a year, says Richard Branson's Virgin Galactic [subscription]Space tourism could become a reality as early as 2021, with Sir Richard Branson acting as a guinea pig passenger, according to Virgin Galactic.
Times Online
- Easyjet wants air passenger duty scrapped [subscription]Easyjet has urged the government to scrap air passenger duty “to support the recovery of UK aviation”.
- British company designs balloon to take tourists to the edge of space [subscription]If you fancy rising gently above your fellow earthlings to the edge of space using nothing more than gas and hubris, a British designer may have a solution for you.
Birmingham Post
- Up to half of security staff at city airport could lose their jobsDeclining passenger numbers have had a knock-on effect on the airport's security needs
- Rolls-Royce experts to work on new Virgin Galactic supersonic jetEngineering giant partners with Sir Richard Branson’s firm to develop high-speed commercial aircraft
Liverpool Echo
- Richard Branson's airline Virgin Atlantic files for bankruptcyThe billionaire's company is on the brink of collapse after a number of attempts to save it were rejected
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