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Branson: Virgin Atlantic bailout 'would not be free money'

Government
James Chapple
20 April 2020

Virgin Group founder Richard Branson has insisted any financial support from the government to help Virgin Atlantic survive the coronavirus crisis would not be "free money" and would be "repaid on commercial terms".

Support comes from parent Virgin Group and partner Delta

Branson said airlines around the world would, over the coming months, rely on state support to stay in business and continue to providing healthy competition – while retaining thousands of jobs.

Virgin Atlantic is understood to have been among the first airlines to seek bespoke support from the government after chancellor Rishi Sunak stated in his first major coronavirus funding announcement on 17 March he was discussing a tailored support package for aviation with transport secretary Grant Shapps.