Virgin Atlantic will delay its IPO to Q1 2022 to focus on restoring capacity on its UK - US network, insiders told "Reuters". The airline recently reported a 600 percent surge in bookings after the Biden Administration unvealed plans to ease Covid-19 travel restrictions and allow Europeans back in.
Virgin Atlantic is co-owned by billionaire Richard Branson's Virgin Group, that holds a 51 percent interest, and Delta Air Lines with a 49 percent stake.
A 1.5 billion pound rescue package helped Virgin Atlantic navigate the Covid-19 storm in 2020. The airline posted a 659 million pound loss that year.
© aero.uk | Image: Virgin Atlantic, Airbus | 01/10/2021 10:28