Virgin Atlantic’s banks have hired Deloitte to advise them on their exposure to the troubled carrier, Sky News learns.
Coronavirus: 'COVID-19 crisis has brought us closer together', say Northern Ireland's political leaders
Its aircraft leasing and take-off and landing slot agreements would also be terminated by an administration process. The company's plans include ending its 36-year tenure at Gatwick Airport, reducing the size of its fleet and putting its Boeing 747s into early retirement. Fewer than a handful of Virgin Atlantic's planes have been flying since the UK lockdown began in March, when Peter Norris, Virgin Group's chairman, urged Mr Johnson to establish an industry-wide support package that could cost in the region of £7.5bn.
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