The Treasury should be wary of giving a bailout to Virgin Atlantic | Nils Pratley - News Summed Up

The Treasury should be wary of giving a bailout to Virgin Atlantic | Nils Pratley


A co-ordinated lobbying campaign that involves Airbus, Heathrow airport and Rolls-Royce – all big employers in the UK – gets noticed at the Treasury. And, naturally, one can see why the trio want Virgin Atlantic to survive, whether by a government-backed bailout or other means. Virgin Atlantic flies 31 planes fitted with Rolls-Royce engines and has another 21 on order. So what fresh capital have Virgin Atlantic’s owners contributed? Nation won’t weep over banks’ dividend ban – despite dangersDear chief executive, would you prefer to cancel your bank’s dividend or resign?


Source: The Guardian April 01, 2020 18:00 UTC



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