. It said Virgin Atlantic's advisors, including banks Citi and Barclays, have in recent weeks been pitching the possible flotation to several potential big investors, which had responded positively to the idea.Virgin Atlantic revenues are heavily dependent on UK-US services, and the airline is hoping for a rapid rebound in services as lockdown restrictions ease. Earlier this year, chief executive Shai Weiss said he did not expect to see a big drop in fares as travel resumes.
A flotation would mark the first time Virgin Atlantic shares have been sold to the public, and would likely see Virgin Group's stake fall below 50%. Sir Richard founded Virgin Atlantic in 1984, and its success enabled him to build a business empire that now includes the Virgin Galactic space travel arm.
But the airline's survival appeared in doubt last year, with administrators put on standby while Sir Richard negotiatedSir Richard had tried to secure rescue funds from the UK government, which refused his request, and use his Necker Island holiday resort as collateral to raise money. A Virgin Atlantic spokesperson called reports of a possible flotation "speculation" and declined to comment further.
He’s obviously short of cash, he needs to dump some of it onto the public market to raise capital! That space boat probably cost him a quid or two 😬
Consider paying back you government bailouts...rocket man
If you look up ‘tosser’ in the dictionary there’s a picture of Richard Branson.
From a man who was asking for a Tax payer bail out last year 😂
I have another suggestion for him 🤔💭
richardbranson looks into more ways to dodge taxes and steal
So when are they going to make space flight possible for the smaller people and not make it all about the rich
What a space cadet
And he wanted a taxpayer bailout?
obama , biden and hillary clinton is responsible genocide 5 millon muslim in ırak , syria and Afganistan
Money raising by nearly bankrupt airline - no, thanks.
Yes, I’ve screwed this country and may do a bit more,so let’s give him more. Like when he’ll freezes over,mind with climate change that he personally has contributed to,that may be not too far off….
Shares going to the moon?
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