Virgin Atlantic told to resubmit proposal for bailout package: FT

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The airline had not done enough to show it had explored other options to bolster cash before asking for state aid, the newspaper added, citing one person familiar with the matter.  

Virgin Atlantic, which is based in the UK and is 51% owned by Richard Branson’s Virgin group and 49% owned by U.S. airline Delta (N:DAL), last month asked the UK government for emergency financial help in addition to the coronavirus package made available to all British companies.

Virgin Atlantic did not respond to Reuters’ request for comment.

($1 = 0.7996 pounds)

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