Virgin Atlantic's latest sale has Caribbean flights from £359pp for 2021. Well now it is just another being made redundant.. Virgin Atlantic is already anticipating that customer demand will be at least 40% lower during 2020, with only a gradual recovery next year. Virgin Atlantic has announced the completion of the £1.2bn private-only solvent recapitalisation of its airline and holiday business, a major step forward in securing its future. 3 September 2020. Video'Mosul is healing': Rebuilding the historic city, French skiers swerve Covid in cross-country boom. Rolls-Royce – 9,000 jobs3 June: The jet-engine manufacturer has confirmed that 3,000 job cuts, of a planned 9,000 worldwide, will be made in sites in the UK. Virgin Atlantic doubles Indian services with new route to Mumbai. Virgin Atlantic has made more than 3,000 members of staff redundant as it struggles to survive the coronavirus crisis. The latest breaking news, ... Virgin Atlantic and easyJet staff to help with Covid vaccine efforts. Virgin Atlantic is operating cargo flights to bring more than 43 million items of PPE to the UK throughout May, June and July. - Head of cabin crew is disengaged from her workforce - Redundancies taking place and moral is low - Low pay - Virgin Atlantic was always about being more than an airline. Virgin Atlantic is based in Britain and is 51% owned by Richard Branson's Virgin group and 49% owned by U.S. airline Delta. Virgin Atlantic also plans to reduce the size of … The carrier added that a 45-day consultation period would begin on Friday with unions. This change amounts approximately 80% reduction in flights per day by 26 March. The survival of the business is self-evidently not in their hands – it needs the long-haul market to reopen.”. easyJet – 4,500 jobs28 May: The airline has announced plans to cut 4,500 employees, or 30% of its workforce, as it prepared for lower demand. Meggitt – 1,800 jobs23 April: British engineering company Meggitt plans to shed about 1,800 jobs making parts for commercial aviation. This is part of the strategy to reduce costs as the airline comes to terms with the impact of coronavirus. The latest … Virgin Atlantic is to cut 1,150 more jobs after completing a £1.2bn rescue plan that will secure its future for at least 18 months. Promoted Listen to the latest songs , … Weiss told the Guardian that the Virgin plan was predicated on as little as 25% of its capacity returning by the end of 2020, and revenues in 2021 to be just half of 2019’s, with the US market, 70% of Virgin’s business, unlikely to reopen fully until next year. But to succeed, it still needs to turn itself into a much smaller business than it was just a few months ago. The company is hoping its £1.2bn rescue plan will enable it to ride out the storm. By Molly Dyson / 5 May 2020 / Contact Reporter. Airbus A330neo Announcement. It has already completed a series of eight cargo flights in April, in partnership with the Department of Health and Social Care and the NHS, to bring back over 120 tonnes of essential medical supplies and PPE from China, including 3.5 million … Virgin Atlantic is cutting more than 3,000 jobs and shutting down its Gatwick operation - but will continue to fly from Manchester Airport. Virgin Atlantic has announced it will make more than 3,000 staff redundant in the UK and will cease operations from Gatwick airport as it struggles with the financial impact of the coronavirus pandemic. The airline said it was planning to suspend its daily London Heathrow/Chicago service in the coming five-month winter season from the end of October and would reduce its twice-daily Heathrow/Hong … The new refinancing package is designed to help Virgin survive for the next 18 months. Share. In total, Virgin Atlantic, which is 49 per cent owned by Singapore Airlines, has announced plans to reduce its previous workforce of 8,400 by more than 14 per cent. Coronavirus: Virgin Atlantic to cut 1,150 more jobs - BBC News Virgin Atlantic’s job cuts are the latest blow to the UK and Irish aviation industries, with tens of thousands of redundancies planned. ... Keep up to date with all the latest … However, the 3,150 redundancies - … Virgin gained approval for its rescue plan from UK and US courts this week. To try to cut down on crew redundancies, it said it would introduce a voluntary, company-financed furlough scheme for 600 crew members when the government-backed scheme ends in October. The restructuring of Virgin Atlantic's workforce will follow a week of brutal job losses across Britain's aviation industry. Virgin Atlantic confirmed it has cut around 4,125 jobs in an update in September 2020. Virgin Atlantic has announced plans to cut 3,150 jobs at the airline. Flybe Statement 2–19 December. Your contact details are helpful so we can contact you for more information. It comes despite billionaire boss Richard Branson securing a £1.2billion rescue deal. Virgin Atlantic expects to complete the cuts by the end of the year. Virgin Atlantic chief executive Shai Weiss said: "Together, we have achieved what many thought impossible and that is down to the efforts and sacrifices of so many across the company.". He called for "urgent government action" to introduce passenger testing to help remove travel restrictions. Virgin finds itself more exposed than many of its rivals, because it relies heavily on transatlantic traffic - and restrictions on travel to the US remain in force. New EVP Customer. Lobbenberg warned: “This deal looks like it will get Virgin through the winter … but it’s unclear what will happen next year. A&M has been appointed to prepare for a potential insolvency at Sir Richard Branson's flagship airline, Sky News … Flybe Statement 2–19 December. Virgin Atlantic has announced it will be permanently retiring its Boeing 747-400 fleet with immediate effect, leaving London Gatwick and making 3,150 staff redundant. Weekly quiz: Know about these history-making directors? Pilots union Balpa said that it hoped to avoid pilot redundancies. Virgin Atlantic Struggles to Crew July Flights Following Redundancies. The latest figures from the government show 9.6 million jobs ... Virgin Atlantic - 3,150. Virgin Atlantic Support Those concerned and commenting on the issue online see this as about making sure there’s a job to come back too. Virgin Atlantic Boeing 747-700. ... redeployment and redundancies”. It comes despite billionaire boss Richard Branson securing a £1.2billion rescue deal. The airline will start flights to Pakistan in an attempt to revive business, with its main US routes still largely blocked to international travellers. Sound of Music star Christopher Plummer dies at 911, Russia expels diplomats over Navalny protests2, Romania baptism death sparks calls for change3, Actress shares story of 'nightmare' nose surgery4, Woman, 95, accused over 10,000 Nazi camp murders5, US congresswoman who supported QAnon loses key post6, What Biden's foreign policy 'reset' really means7, Parish council Zoom host 'surprised' by reaction8, Myanmar teachers join growing anti-coup protests10. "Until travel returns in greater numbers, survival is predicated on reducing costs further and continuing to preserve cash," it said. Airbus – 1,700 jobs30 June: The European planemaker announced plans to cut 15,000 jobs, including 1,700 in the UK, as it warned the coronavirus pandemic had triggered the “gravest crisis” in its history. if the voucher expires on 15 May 2020, the new expiry date will be 15 November 2020. As a direct consequence we will be parking approximately 75% of our fleet by 26 March and at points in April will go up to 85%. The company will fund its own furlough scheme for the 600 crew from October should the government’s job retention scheme not be extended. Read about our approach to external linking. The pandemic has had a severe impact on the aviation industry as lockdowns and quarantines hit air travel. The shock announcement comes after rival British Airways said it … In relation to the delay in testing at airports, a spokesperson for Virgin Atlantic warned that “every day counts” and that 500,000 jobs were at risk in the industry. There may be fares available to US cities indirectly from LON and MAN included in the sale. The airline said it was reshaping its business to ensure it remained strong during the economic downturn. ... live score and latest … This comes after it emerged British Airways had begun consulting on up to 12,000 redundancies, while rival Ryanairhas said it … Virgin Atlantic Ltd 2018 Financial Results. British Airways has begun consulting on up to 12,000 redundancies, while Ryanair has said it plans to axe 3,000 jobs. Tui – 8,000 jobs13 May: Travel company Tui plans to cut up to 8,000 jobs worldwide in response to the coronavirus chaos engulfing the tourism industry. “The thing that makes Virgin Atlantic is not the glitz and the glamour, it’s the heart and soul,” he said. It’s highly leveraged and has no unencumbered assets. There has been a spate of redundancies as some firms struggle to stay afloat. Virgin Atlantic is preparing to cut almost a third of its 10,000 workforce and close its London Gatwick operations as the airline scales back to survive the coronavirus crisis. Hello you. Virgin Atlantic is preparing to cut almost a third of its 10,000 workforce and close its London Gatwick operations as the airline scales back to survive the coronavirus crisis. Yesterday (5 May), Virgin Atlantic announced it would cut more than 3,000 jobs in the UK – almost a third of its UK […] The £1.2bn deal involves £400m in new cash, half of which will come from its main shareholder, Sir Richard Branson's Virgin Group. The announcement by Virgin Atlantic of 3,150 job losses – almost one third of its staff – marks the bitterest moment in the history of the airline that Richard Branson founded in 1984. Coronavirus: Virgin Atlantic puts advisers on standby as industry teeters. As a direct consequence we will be parking approximately 75% of our fleet by 26 March and at points in April will go up to 85%. And while Virgin Atlantic was revealing the deepest cuts in its history and the closure of its original base, a budget airline was announcing six new … "No airline is immune from the recession," said Virgin Atlantic chief executive Steve Ridgway. They will only be seen by the Guardian. Shai Weiss, Virgin Atlantic’s chief executive, said it was a bittersweet day: “Together we have achieved what many thought impossible… The completion of the private-only, solvent recapitalisation of Virgin Atlantic removes much of the uncertainty we faced and represents a major step forward in our fight for survival.”, He added: “After the sacrifices so many of our people have made, further reducing the number of people we employ is heartbreaking, but essential for survival.”. Virgin Atlantic Airways Ltd. will eliminate 1,150 more jobs to preserve its rescue funding as demand for long-distance flights remains depressed and Britain winds down its worker furlough program. Ryanair – 3,000 jobs1 May: The Irish airline intends to slash 3,000 roles and reduce staff pay by up to a fifth. In recent days, four conglomerates based in Britain and Ireland—British Airways, Virgin Atlantic, Rolls-Royce and Ryanair—have announced they will … wish or contact us via WhatsApp by clicking here or adding the contact +44(0)7867825056. News & Advice. On Thursday, the airline gained court approval for its refinancing package, designed to see it through at least the next 18 months. It said the past six months had been "the most challenging in Virgin Atlantic's history", and that "regrettably the airline must go further one last time with changes at scale, to ensure it emerges from this crisis". The restructuring of Virgin Atlantic’s workforce will follow a week of brutal job losses across Britain’s aviation industry. Now boarding - Virgin Atlantic and Delta unveil new schedule between U.K. and United States. Virgin Atlantic has written to its pilots asking for volunteers to operate flights in July, admitting it didn’t have enough crew to cover all flights, following the announcement from the airline regarding the resumption of flights next month. Virgin Atlantic Airways CEO Steve Ridgway said yesterday that the carrier will cut its winter capacity by 7% year-over-year, putting up to 600 jobs in jeopardy. Swissport – 4,500 jobs24 June: Swissport, which handles passenger baggage and cargo for airlines, has begun a consultation process to make 4,556 workers redundant, more than half of its 8,500 UK workforce. If travel is curtailed next summer, it is not just Virgin Atlantic, it is the country’s problem.”. Virgin Atlantic's latest sale has Caribbean flights from £359pp for 2021. Virgin and Ryanair rated worst for customer service, says Which? The package includes a pledge of £200m from Sir Richard Branson’s Virgin Group, the airline’s biggest shareholder, and creditors agreeing to reduce and defer Virgin Atlantic’s debts. More than 18,000 redundancies have been announced across British Airways, Ryanair and Virgin Atlantic, with airlines expecting dramatically reduced demand for several years. The BBC is not responsible for the content of external sites. Virgin Atlantic has announced it will be permanently retiring its Boeing 747-400 fleet with immediate effect, leaving London Gatwick and making 3,150 staff redundant. Now boarding - Virgin Atlantic and Delta unveil new schedule between U.K. and United States. Live news updates ... An aviation analyst has predicted mass redundancies at Virgin Australia and a future where the failed airline … Welcome to Virgin Atlantic. Certainly not the airline it once was. 'Mosul is healing': Rebuilding the historic city. The Restructuring Plan has been sanctioned by the English High Court and formally recognised in the US court. MORE than 3,000 jobs at the Virgin Atlantic and Virgin Holidays travel brands owned by billionaire Richard Branson are to be axed. British Airways – 12,000 jobs28 April: The UK flag carrier plans to make up to 12,000 of its staff redundant, a reduction of one in four jobs at the airline, with cabin crew, pilots and ground staff affected. Sign up to the daily Business Today email. I truly hope that the rumour is not true, but heard that VS are offering unpaid furlough or compulsory redundancies to pilots ? If you have been affected or have any information, we'd like to hear from you. Richard Branson's Virgin Atlantic announced it would cut 3,150 jobs on May 5, in addition to retiring its iconic Boeing 747-700 planes a year early. Virgin Atlantic plans to cut more than 3,000 jobs and shut its operations at Gatwick Airport. "The outlook for the industry is as bleak as ever and all airlines are having to shrink their businesses," he said, according to press reports. The Unite union said news of more job losses was “a searing indictment of the cavalier way that the government has treated the aviation sector, which is key to the health of the British economy.”, Weiss said it was crucial that passenger tests for Covid-19 were introduced to end travel restrictions and quarantine, while protecting public health. Virgin Atlantic to cut 500 jobs. The number of aviation jobs expected to be lost due to the coronavirus crisis continues to climb, with Virgin Atlantic, General Electric and Rolls-Royce among the latest organisations to warn of redundancies. Read about our approach to external linking. by Greg Rose. You can get in touch by filling in the form below, anonymously if you Virgin Atlantic Struggles to Crew July Flights Following Redundancies. Airlines, airports and tour firms have collectively shed thousands of jobs. The airline had already cut more than 3,500 jobs out of the 10,000 employees it had at the beginning of the year. "Every single job lost to this crisis is a tragedy and we are doing everything we can to mitigate job losses across the board," said Balpa general secretary Brian Strutton. © 2021 BBC. The refinancing scheme, announced in July after Virgin’s attempts to solicit government help were rebuffed, was rubber-stamped by both UK and US courts this week after creditors voted to accept a 20% haircut and defer repayments from the airline, worth around £450m. Video, 'Mosul is healing': Rebuilding the historic city, Sound of Music star Christopher Plummer dies at 91, Romania baptism death sparks calls for change, Woman, 95, accused over 10,000 Nazi camp murders, US congresswoman who supported QAnon loses key post, Parish council Zoom host 'surprised' by reaction. It’s not clear that they have got that much liquidity, and the scale of the challenge is large.”. Latest cuts bring total job losses to 4,300, with extra 600 cabin crew put on extended furlough, Last modified on Sat 5 Sep 2020 04.37 BST. The lay-offs are the latest from an industry caught in turbulent times. Latest. Virgin Atlantic is cutting more than 3,000 jobs and shutting down its Gatwick operation - but will continue to fly from Manchester Airport. He urged the government to push for trials of a travel corridor to New York, with coronavirus infection rates similar to the UK. Weiss said the airline would be less than half its pre-Covid size, with a dramatically lower cost base, and hinted that it would be a more austere outfit than in Branson’s heyday. Aviation industry analysts said Virgin’s long-term future remained far from clear. The airline said it had to cut costs in order to survive. The Virgin Atlantic winter sale is applicable to savings on all Virgin Atlantic flights, including Delta Air Lines US non-stop markets. "The outlook for transatlantic flying, which is core to Virgin Atlantic's business, remains uncertain with US-UK travel curtailed," the airline said. New EVP Customer. But including HSBC’s 35,000 redundancies planned before coronavirus struck, the total is closer to 150,000. Virgin Atlantic will reduce its schedule, prioritising core routes based on customer demand. One new investor, US private equity fund Davidson Kempner, will put in £170m. Virgin Atlantic to make redundancies and cut Gatwick operations. Safran – 400 jobs23 April: French aircraft seat maker Safran made 400 job cuts at its UK operations, including a plant in Cwmbran. Virgin Atlantic has been approached for comment on the job cuts. Virgin Atlantic – 3,000 jobs5 May: Richard Branson’s airline is to cut more than 3,000 jobs, more than a third of its workforce, and will shut its operations at Gatwick. This comes after it emerged British Airways had begun consulting on up to 12,000 redundancies, while rival Ryanairhas said it … Airbus A330neo Announcement. Joint Venture Agreement. if the voucher expires on 15 May 2020, the new expiry date will be 15 November 2020. Virgin Atlantic doubles Indian services with new route to Mumbai. This change amounts approximately 80% reduction in flights per day by 26 March. Virgin Atlantic is based in Britain and is 51% owned by Richard Branson's Virgin group and 49% owned by U.S. airline Delta. Virgin Atlantic has written to its pilots asking for volunteers to operate flights in July, admitting it didn’t have enough crew to cover all flights, following the announcement from the airline regarding the resumption of flights next month. Joint Venture Agreement. "Despite no help from government, their financing is now secure," he added. Virgin Atlantic said it had begun a 45-day consultation period on the job losses with unions Balpa and Unite. The restructuring of Virgin Atlantic's workforce will follow a week of brutal job losses across Britain's aviation industry. Andrew Lobbenberg, of HSBC, said: “They are getting new hard cash of less than £400m which, in the context, isn’t that much. Virgin Atlantic is to cut a further 1,150 jobs and put another 600 cabin crew on extended furlough beyond October, despite securing a £1.2bn rescue plan that was signed off by a … Members who have earned companion rewards, Clubhouse access or upgrades through the Virgin Atlantic Reward and Reward+ Credit Card, or the Virgin Atlantic World Elite Mastercard will have the validity of the voucher extended by 12 months e.g. British Airways has begun consulting on up to 12,000 redundancies, while Ryanair has said it plans to axe 3,000 jobs. Virgin Atlantic Ltd 2018 Financial Results. Promoted Listen to the latest songs , only on JioSaavn.com Virgin Atlantic announced more than 1,000 additional job cuts on Friday as it became the latest company to lay off large numbers of people. Find our best fares on your next flights to the US and beyond, with a fantastic choice of food, drinks, award winning entertainment and onboard WiFi. UK pilot union to talk to Virgin Atlantic, hopes to avoid more redundancies “For all airlines, long-haul flying is going to be a long time in recovery, with less high-profit margin business travel – a large amount of that capacity is not coming back,” he added. Virgin Atlantic is the latest casualty of the coronavirus crisis, which has crippled the travel industry, with a third of UK staff set to lose their jobs. ... before British Airways announced redundancies for up to 12,000 staff. Virgin Atlantic has announced it is to cut more than 3,000 jobs in the UK and end its operation at Gatwick airport. Since the 16 March it has not been possible for many travellers from the UK to get into the US if they do not have US citizenship and if they have been in the UK, Ireland, the Schengen zone, Iran, Brazil, or China within the past two weeks. Virgin Atlantic continues to review its flying programme on a regular basis, with a reduced schedule of passenger services for essential travel operating alongside cargo-only services to transport vital medical supplies and support global supply chains. What happens to your body in extreme heat? BA has announced plans to … Only the Guardian can see your contributions and one of our International Airlines Group plans to … Although full details of the recapitalisation have not been made public, it is assumed that Davidson Kempner’s investment has been guaranteed against Virgin’s Heathrow landing and departure slots, once valued up to £50m a pair. Virgin Atlantic Pilot Redundancies. Government 'overseeing the demise of UK aviation', Virgin Atlantic wins backing for £1.2bn rescue bid, Virgin Atlantic to cut 3,000 jobs and quit Gatwick, Myanmar teachers join growing anti-coup protests. Members who have earned companion rewards, Clubhouse access or upgrades through the Virgin Atlantic Reward and Reward+ Credit Card, or the Virgin Atlantic World Elite Mastercard will have the validity of the voucher extended by 12 months e.g. MORE than 3,000 jobs at the Virgin Atlantic and Virgin Holidays travel brands owned by billionaire Richard Branson are to be axed. Virgin Atlantic confirmed it has cut around 4,125 jobs in an update in September 2020. journalists may contact you to discuss further. Virgin Atlantic has been approached for comment on the job cuts. Flybe – 400 jobs5 March: Flybe, Europe’s largest regional airline, collapsed into administration with the loss of more than 2,000 jobs, less than two months after a government bailout. The shareholders, Branson’s Virgin Group and US carrier Delta, have also deferred £400m in payments, and credit card companies have agreed to support the deal and keep funds flowing. May 1: Ryanair … This is part of the strategy to reduce costs as the airline comes to terms with the impact of coronavirus. Virgin Atlantic continues to review its flying programme on a regular basis, with a reduced schedule of passenger services for essential travel operating alongside cargo-only services to transport vital medical supplies and support global supply chains. UK pilot union BALPA on Friday said it would hold discussions with Virgin Atlantic next week in the hope of avoiding any further pilot redundancies in light of the completion of its rescue deal. Earlier today Costa said 1,650 staff are at risk of redundancy as it looks … Virgin Atlantic has made more than 3,000 members of staff redundant as it struggles to survive the coronavirus crisis. ... what you are attempting to imply by your comment regarding you finding it ''interesting that the main posters are new to PPRuNe'' A civil disobedience movement is gaining momentum with teachers and students demonstrating. On paper the slots are an asset for the future; but at present it’s impossible to define what that future value might be. An aviation analyst has predicted mass redundancies at Virgin Australia and a future where the failed airline has even less frills than Jetstar, the Qantas low-cost carrier. Crawley-based Virgin Atlantic is to lose around 500 support and managerial roles, which will be achieved through a combination of employees leaving, redeployment and redundancies. Airlines around the world have been haemorrhaging jobs, as they face a future in which fewer people travel, and fewer planes are able to fly. Virgin Atlantic will reduce its schedule, prioritising core routes based on customer demand. Sam Tarry, Labour MP for Ilford South. Virgin said the job losses, on top of 3,150 already announced since March, were “heartbreaking, but essential” to ensure its survival, with international travel recovering more slowly than expected. The Covid-19 pandemic has taken a dreadful toll on employment in the aviation industry. Bombardier – 600 jobs11 June: The Canadian planemaker will cut 600 jobs in Northern Ireland, as part of 2,500 redundancies announced in June. Virgin Atlantic is to cut a further 1,150 jobs and put another 600 cabin crew on extended furlough beyond October, despite securing a £1.2bn rescue plan that was signed off by a US court on Thursday night. In total, 3,150 roles are to be lost across all departments at the… And it isn't just airlines. Sale fares are applicable to travel up until 15 December 2021. “The US is essential to us, and the economic recovery cannot take off without that border opening up. Aer Lingus – 900 jobs1 May: The Irish flag carrier, part of International Airlines Group (IAG), plans to cut 900 jobs. Russia expels diplomats over Navalny protests, HK schools to monitor children for protest support, The voter fraud claims that led to a coup, Why Rihanna's farmer tweet prompted India backlash, Actress shares story of 'nightmare' nose surgery, How Facebook became Myanmar's 'digital tea shop', What Biden's foreign policy 'reset' really means, 'Mosul is healing': Rebuilding the historic city. Virgin Atlantic has said it is consulting with staff over the possibility of making up to 600 redundancies across the business. John Strickland, of JLS consulting, said the Heathrow slots ensured Virgin’s part in what was normally a very profitable transatlantic market: “But right now that US market has more or less closed. `` no airline is immune from the government show 9.6 million jobs virgin! The redundancies on Tuesday May 5, reports Sky news had begun a 45-day period! Healing ': Rebuilding the historic city future remained far from clear Rebuilding the historic,. 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