Call for Virgin Atlantic to be nationalised after billionaire Branson asks taxpayers to bail him out
CAMPAIGNERS called for Virgin Atlantic to be nationalised today after billionaire owner Sir Richard Branson warned that the airline will collapse due to the Covid-19 crisis unless it receives government support.
We Own It director Cat Hobbs criticised the tax exile for asking for a loan of up to £500 million — Virgin Trains received a £2 billion bailout for the East Coast line in 2018 and Virgin Care sued the NHS in 2017.
She said: “We call on the government to take a 51 per cent stake in the company and use it to save jobs and tackle the climate crisis, reducing the damage done by aviation.”
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