The billionaire entrepreneur even offered up his own private Caribbean island of Necker as collateral in order to save the company. Hello you. The Cash Queens have put Valentine's Day meals for two from local supermarkets to the test - but who will win their heart (and stomach) over? Virgin Atlantic has made more than 3,000 members of staff redundant as it struggles to survive the coronavirus crisis. Virgin Atlantic is to let go of another 1,000 employees. HEATHROW Airport is warning that up to 25,000 aviation workers may lose their jobs as it launches a voluntary redundancy scheme. Virgin Atlantic is expected to resume passenger flights on 20 July to destinations including Hong Kong, Los Angeles and New York, although Delta has warned that the recovery of demand for international travel is likely to lag domestic US aviation by a year. Virgin Atlantic has secured a £1.2billion rescue package to protect thousands of workers from redundancy, it has been confirmed. Virgin Atlanticis attempting to secure a privately funded rescue deal … "We greatly appreciate the support of our shareholders, creditors and new private investors and together, we will ensure that Virgin Atlantic can emerge a sustainably profitable airline, with a healthy balance sheet.". “It is high time that chancellor Rishi Sunak and transport secretary Grant Shapps recognised that the UK aviation sector is facing devastating problems with thousands of job losses across many airlines already – and more on the cards. 28 April: The UK flag carrier plans to make up to 12,000 of its staff redundant, a reduction of one in four jobs at the airline, with cabin crew, pilots and ground staff affected. Photo: Virgin Atlantic. Certainly not the airline it once was. Virgin Atlantic, a trading name of Virgin Atlantic Airways Limited and Virgin Atlantic International Limited, is a British airline with its head office in Crawley, England. It carried just 78,389 passengers last month, down 97.6% from 3.3 million a year ago. In May, the airline said jobs were on the line, as thousands of staff remained furloughed and top executives were forced to take a pay cut. Slideshow Slide 2 Introducing Pharma Secure Book now. It also announced new routes to Abu Dhabi from Budapest and Bucharest starting in June, as well as a new base in Ukraine from July 1 as it seeks to expand despite the aviation crisis. So when the 747C and 320 fleets were scrapped overnight, redundancy in fleet was announced to the horror of all affected. This will mean taking steps to reshape and resize Virgin Atlantic in line with demand, while always keeping our people and customers at the heart of all we do. The deal, which includes £200billion from Richard Branson's Virgin Group, could protect the airline from entering administration - a move Branson has previously warned he would not let happen, Get our daily coronavirus email newsletter with all the news you need to know direct to your inbox. They naively believed it could never happen to them. Virgin Atlantic has announced it will make more than 3,000 staff redundant in the UK and will cease operations from Gatwick airport as it struggles with the financial impact of the coronavirus pandemic. A Derbyshire pilot has swapped flying commercial aircraft to become a funeral director. Helpful (6) Flag as Inappropriate Flag as Inappropriate. Continue reading. I bet there are plenty of those in EasyJet. It's a humbling experience for the billionaire, who is … British Airways is set to make up to 12,000 workers redundant on the back of Covid-19 restrictions. Virgin Australia had been struggling to re-finance a long-term A$5 billion (£2.55 billion) debt. "We have taken painful measures, but we have accomplished what many thought impossible. CEO Shai Weiss is understood to have told staff – many of whom had already been furloughed – in a virtual conference call this afternoon. Wizz Air – which focuses on the central and eastern European markets – said it operated at less than 3% of its capacity in April, including 71 cargo flights with medical equipment and 28 rescue flights. Slideshow Navigation. Virgin Atlantic had employed 10,000 people in the UK, operating out of Gatwick, Heathrow and Manchester airports. He doesn’t own 51% of the airline. Well now it is just another being made redundant.. "We greatly appreciate the support of our shareholders, creditors and private investors and by working together, we will ensure that Virgin Atlantic can emerge from the crisis a sustainably profitable airline, with a healthy balance sheet. Virgin Atlantic is 51% owned by Virgin Group of which Richard Branson is a shareholder. Book your flight and enjoy your stay in a hand-picked hotel with Virgin Atlantic. "The solvent recapitalisation of Virgin Atlantic will ensure that we can continue to provide vital connectivity and competition to consumers and businesses in Britain and beyond. Ryanair has announced it will be axing 3,000 jobs after it saw passenger numbers fall by 99.6%. “Virgin Atlantic has done all that could be expected of it by arranging a £1.2bn rescue deal through the private sector, without government help. The billionaire's Virgin Group will inject £200million in cash, while Davidson Kempner will lend the company £170million. Today's announcement comes two months after the airline announced 3,150 jobs losses, representing almost a third of its 10,000 UK workforce. This website uses cookies. Depart the everyday and start your holiday right with a flight and hotel package. 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