{"id":119482,"date":"2021-08-07T13:08:32","date_gmt":"2021-08-07T13:08:32","guid":{"rendered":"https:\/\/fin2me.com\/?p=119482"},"modified":"2021-08-07T13:08:32","modified_gmt":"2021-08-07T13:08:32","slug":"bransons-virgin-atlantic-plans-london-listing-sky-news","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/bransons-virgin-atlantic-plans-london-listing-sky-news\/","title":{"rendered":"Branson's Virgin Atlantic plans London listing -Sky News"},"content":{"rendered":"

(Reuters) -Britain-based airline Virgin Atlantic is planning to list on the London Stock Exchange, Sky News reported on Saturday.<\/p>

FILE PHOTO: A British airways aeroplane tailfin and a Virgin Atlantic areoplane are seen with the control tower at Heathrow airport., London, Britain, May 5, 2020. REUTERS\/Toby Melville<\/figcaption>

Citing \u201cCity sources\u201d, it said the airline founded by Richard Branson has received positive responses from institutional investors about an initial public offering, with an autumn announcement likely.<\/p>\n

It said the move would almost certainly see Branson relinquish overall control of the business.<\/p>\n

It added that Virgin Atlantic has hired Citi and Barclays to oversee the listing.<\/p>\n

The airline is 51% owned by Branson\u2019s Virgin Group and 49% by the U.S.\u2019s Delta Air Lines Inc.<\/p>\n

\u201cWe won\u2019t be commenting on speculation,\u201d said a Virgin Atlantic spokesperson.<\/p>\n

Like most airlines, the firm has been hammered by the COVID-19 pandemic.<\/p>\n

In April it reported a 659 million pound ($914 million) pretax loss for 2020 after passenger numbers dropped 80%.<\/p>\n

Virgin Atlantic cut costs last year, shedding 41% of its workforce and retiring some older aircraft early.<\/p>\n

($1 = 0.7209 pounds)<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(Reuters) -Britain-based airline Virgin Atlantic is planning to list on the London Stock Exchange, Sky News reported on Saturday.FILE PHOTO: A British airways aeroplane tailfin […]<\/p>\n","protected":false},"author":3,"featured_media":119481,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nBranson's Virgin Atlantic plans London listing -Sky News - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/bransons-virgin-atlantic-plans-london-listing-sky-news\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Branson's Virgin Atlantic plans London listing -Sky News - Fin2me\" \/>\n<meta property=\"og:description\" content=\"(Reuters) -Britain-based airline Virgin Atlantic is planning to list on the London Stock Exchange, Sky News reported on Saturday.FILE PHOTO: A British airways aeroplane tailfin [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/markets\/bransons-virgin-atlantic-plans-london-listing-sky-news\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-07T13:08:32+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/08\/Bransons-Virgin-Atlantic-plans-London-listing-Sky-News.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/markets\/bransons-virgin-atlantic-plans-london-listing-sky-news\/\",\"url\":\"https:\/\/fin2me.com\/markets\/bransons-virgin-atlantic-plans-london-listing-sky-news\/\",\"name\":\"Branson's Virgin Atlantic plans London listing -Sky News - 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