The British airline Virgin Atlantic will knock on the door of the British government for state aid in the coming days, Financial Times ( FT ) writes on an insider basis on Friday. The worldwide travel restrictions have forced many airlines to cut flight schedules, causing economic difficulties.
In addition to Virgin Atlantic, other airlines such as easyJet, Loganair and Eastern Airways are also considering going to the government for financial support, FT writes.
Earlier this week, new-found British Finance Minister Rishi Sunak said the government would not bail out all of British aviation. The government expects the sector to first look at other ways to improve its money position before state aid can be requested. The UK government would then review these applications on a case-by-case basis.
Insiders say to FT that regional airlines will be the first to qualify for emergency aid, given the government's policy to promote economic activity in regions outside London.
Virgin Atlantic's wealthy owner, Richard Branson, pledged to invest $ 250 million (224 million euros) in Virgin Group last week, much of which will go to the airline. In addition to Atlantic, companies such as Virgin Hotels and Virgin Rail are also part of Virgin Group.