Branson fights back with open letter as he pleads with government to save Virgin Atlantic
Richard Branson has warned that Virgin Atlantic will collapse unless it receives government support.
The Virgin Group boss said the airline needs taxpayer support in the form of a commercial loan.
It has been reported that the carrier is asking for up to £500m of public money.
Branson put out a tweet which attempts to counter some of the criticisms that have been levelled at his businesses:
In an open letter to Virgin Group employees, Branson wrote: “We will do everything we can to keep the airline going – but we will need Government support to achieve that in the face of the severe uncertainty surrounding travel today and not knowing how long the planes will be grounded for.
“This would be in the form of a commercial loan – it wouldn’t be free money and the airline would pay it back (as easyJet will do for the £600 million loan the Government recently gave them).
“The reality of this unprecedented crisis is that many airlines around the world need government support and many have already received it.
“Without it there won’t be any competition left and hundreds of thousands more jobs will be lost, along with critical connectivity and huge economic value.”
We know everyone is suffering under the Tories - but the Canary is a vital weapon in our fight back, and we need your support
The Canary Workers’ Co-op knows life is hard. The Tories are waging a class war against us we’re all having to fight. But like trade unions and community organising, truly independent working-class media is a vital weapon in our armoury.
The Canary doesn’t have the budget of the corporate media. In fact, our income is over 1,000 times less than the Guardian’s. What we do have is a radical agenda that disrupts power and amplifies marginalised communities. But we can only do this with our readers’ support.
So please, help us continue to spread messages of resistance and hope. Even the smallest donation would mean the world to us.
Leave a ReplyYou must be logged in to leave a comment.Join the conversation
Please read our comment moderation policy here.