Virgin will build a Hyperloop certification center in West Virginia – CBS Pittsburgh

CHARLESTON, W. Va. (KDKA) – It’s called hyperloop, a 21st century ultra-high-speed magnetic levitation transport system that still looks a little unreal and science fiction-like. An important investment made by a company brings it closer to reality. From Pittsburgh to Chicago in just forty minutes? That’s the promise of a company that works with West […]

Gwyneth Paltrow, Naomi Campbell and other stars pose at home for the Valentino campaign

Written by Toyin Owoseje, CNN The Italian fashion house Valentino has actually adopted an innovative method to market its brand new collection during the coronavirus pandemic. The latest high-end brand campaign includes a variety of stars, composed by Gwyneth Paltrow, Naomi Campbell and Laura Dern, positioned at home while using ensembles from the Valentino Fall-Winter […]

Four BT broadband and Virgin Media rivals you can’t afford to ignore

Virgin Media and BT users should be aware of new emerging Internet businesses (Image: GETTY • BLANK MEDIA • BT) Following the UK government’s £ 5 billion commitment to deploy “gigabit capable” fiber optic broadband networks across the UK by the end of 2025, a number of small companies have sprung up to challenge familiar […]

Virgin Atlantic Seeks £ 900 Million in Private Funding

Embattled Virgin Atlantic is in a race for survival as it is urgently seeking up to £ 900 million in funding. The airline wants to suspend funding in early July. As the slowdown in travel continues, Virgin Atlantic flirts with the collapse and has administrators lined up, if that happens. Virgin Atlantic is urgently seeking […]

Virgin Atlantic Seeks Up To £ 900 Million Emergency Rescue Plan | Business

Virgin Atlantic is trying to reach a private sector-funded rescue package worth up to £ 900 million by the end of this week as it struggles to survive after the fall in international travel during the coronavirus pandemic . The airline is in talks with hedge funds on the loan of around £ 250 million […]

What is the future of New Virgin Australia?

Bain Capital, based in Boston, won the tender for Virgin Australia; following the withdrawal of the competing offer from Cyrus Capital. Bain is committed to keeping thousands of jobs and strengthening Virgin’s business model to ensure its viability. Expansion and retraction of services Mike Murphy, Managing Director of Bain Asia-Pacific, has promised to radically overhaul […]

Virgin Atlantic targets 900 million pound bailout deal within days

Virgin Atlantic Airways is in the process of concocting a £ 900m private sector bailout a few days after it concluded that an emergency government bailout was unlikely. Approval is also required from a bond syndicate which loaned it money in 2015 against its take-off and landing slots at Heathrow. If the agreement is successfully […]

Bain Capital signs agreement with Virgin Australia administrator to purchase struggling airline

SYDNEY: US private equity group Bain Capital said on Friday that it had agreed with the administrator of Virgin Australia Holdings to purchase Australia’s second largest airline for an undisclosed amount, banking on a takeover of the aviation sector. Bain’s offer was selected from a competing offer from Cyrus Capital Partners and a recaptal proposal […]

Virgin Australia turns into Richard Branson airline taken over by Bain Capital

The American private equity group Bain Capital plans to cut high-end comfort from Virgin Australia and half of its fleet while saving around 6,000 jobs. Virgin Australia entered administration in April and owed creditors nearly $ 7 billion. On Friday, the American company Bain Capital agreed with Virgin Australia Holdings Ltd to buy the second […]

Virgin Galactic SpaceShipTwo performs second “glide test”

Virgin Galactic’s repeatedly delayed plans for commercial space flights are coming closer, after the company completed another flight test at its headquarters in Spaceport America in New Mexico. The VSS Unity left its mother ship again at around 50,000 feet, but went a little faster this time and reached speeds of Mach 0.85. CEO George […]