Airbus, Rolls-Royce and Heathrow back Virgins bailout bid
Published on Wednesday, April 1, 2020
Airbus, Rolls-Royce and Heathrow Airport have written to the UK government asking it to provide financial support to Virgin Atlantic.
It comes after the airline asked for a £500 million package of loans and guarantees to ensure it can survive the coronavirus pandemic.
A letter from Rolls-Royce, seen by the Financial Times, tells the transport secretary Grant Shapps that Virgin’s business is ‘of significant importance to Rolls-Royce, our extensive UK supply chain, and manufacturing operations’.
Another letter from Airbus warns that Virgin’s collapse could have an ‘extremely negative impact’ on its A330 programme.
Heathrow airport has also sent a letter on behalf of the Virgin, according to reports.
It is believed Virgin made a submission on Tuesday to the government for a package of financial support according.
Its founder, Sir Richard Branson, has already pledged to inject $250 million into the Virgin empire, some of which will go to the airline.