Staff and union leaders were briefed on the proposals Tuesday lunchtime (5 May) following an update from Virgin Atlantic chief executive Shai Weiss, who said the carrier was still exploring all available options to secure additional funding from existing shareholders, as well as the government.
"To emerge from this crisis, against an uncertain backdrop, the airline must radically adapt," said Virgin.
"Following the pattern of previous crises, including 9/11 and the global financial crisis, capacity across the aviation industry will significantly reduce, with recovery to pre-crisis levels expected to take up to three years.
