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British Telegraph newspaper said billionaire Richard Branson is trying to sell his company Virgin Atlantic Airways after he was unable to obtain a £ 500m loan from the British government.
50 investors expressed interest in the deal.
Virgin Australia’s Australian unit had applied for judicial protection after it was also unable to obtain the support of the Australian government.
Liquidity-stranded Virgin Australia announced that it had decided to stop paying, becoming the world’s largest airline to collapse due to the repercussions of the emerging Corona virus.
The company said in a notice to the Australian Stock Exchange that it intends to continue operating its flights, even though its destination is now in the hands of court guards.
“Our decision today is to secure the future of the Virgin Australia Group and emerge from the Covid-19 crisis,” company CEO Paul Skoura said in the announcement.
He added: “Australia needs a second airline and we are determined to keep flying.”
Virgin Australia, with a staff of approximately 10,000, is indebted for more than A $ 5 billion ($ 3.2 billion).
He had asked the Australian government to lend him $ 1.4 billion to survive, but Canberra has refused to rescue a company owned by a majority of foreigners.
