August 8, 2021
Sir Richard Branson’s Virgin Atlantic is exploring a possible listing on the London stock market to raise money to repair the airline’s finances.
The move could see shares offered to private investors as well as big City firms, but mean he loses overall control of his flagship business.
Virgin Group owns 51% of the airline, and US-based Delta Air Lines the rest.
It is understood Virgin has hired City advisors to draw up flotation plans, but the airline called it speculation.