Articles tagged “richard branson”

Ground Transport

Hyperloop One to Shut Down, Ending Its Vision for ‘Frictionless’ Transport

Commercial considerations doomed high-speed freight company Hyperloop One, which featured tech that attracted the interest of Elon Musk and Richard Branson. The company is dead, but the dream lives on.

Aatreyee Dasgupta and Bhanvi Satija in Bengaluru, Reuters | 7 days ago

Hyperloop One to Shut Down, Ending Its Vision for ‘Frictionless’ Transport

Tourism

Richard Branson Must Face Lawsuit Over Bullish Virgin Galactic Claims

Richard Branson and Virgin Galactic will be able to cope with a shareholder lawsuit, but his stock sales at allegedly elevated prices adds an interesting wrinkle.

Jonathan Stempel, Reuters | 1 year ago

Airlines

Virgin Atlantic Ends Flights to Hong Kong After 30 Years

Virgin Atlantic's decision to drop flights to Hong Kong is a major sign that ongoing closure of Russian airspace isn't going away anytime soon.

Shanima A , Reuters | 1 year ago

Virgin Atlantic Ends Flights to Hong Kong After 30 Years

Airlines

Virgin Atlantic Considers a London Stock Market Listing: Reports

Sky News and the Financial Times said Richard Branson's carrier is mulling a fall IPO. It's unclear what executives at Delta Air Lines, a major shareholder, think about the prospect.

Juby Babu and James Davey, Reuters | 2 years ago

Virgin Atlantic Considers a London Stock Market Listing: Reports

Airlines

Richard Branson’s Virgin Galactic Approved to Fly With Aim to Conquer Space Tourism

The competition to determine who will conquer space tourism features some of the world's richest men. So it'll be fascinating to see which heavyweight billionaire can attract the most passengers willing to spend a pretty penny to go into space.

Ankit Ajmera, Reuters | 3 years ago

Richard Branson’s Virgin Galactic Approved to Fly With Aim to Conquer Space Tourism

Airlines

Travel Execs Branson, Sternlicht Latest to Join SPAC Craze

The momentum for so-called SPACs, or blank check companies, shows no signs of slowing down with some high-profile names getting in on the action. Let the deals begin.

Noor Zainab Hussain, Uday Sampath and Joshua Franklin, Reuters | 3 years ago

Airlines

Virgin Galactic Cuts Short Test Flight of Suborbital Spaceplane

The test flight was to provide data on the cabin experience and boosters as part of the process to obtain an FAA license for commercial flights next year. The 600 travelers who have reserved seats may have to wait a little longer.

Joey Roulette, Reuters | 3 years ago

Virgin Galactic Cuts Short Test Flight of Suborbital Spaceplane

Airlines

Virgin Atlantic Files Chapter 15 Petition in U.S. to Assist Its Rescue in the UK

The real restructuring happened three weeks ago, as Airline Weekly's analysts have noted. This move is just to facilitate that.

Bhargav Acharya, David Shepardson, and Jonathan Stempel, Reuters | 3 years ago

Virgin Atlantic Files Chapter 15 Petition in U.S. to Assist Its Rescue in the UK

Airlines

Ryanair CEO Mulls Further Cuts While Slamming Virgin Atlantic’s Bid for State Aid

The always lively Ryanair CEO Michael O'Leary said it's "almost inevitable" that his budget airline will make workforce reductions of up to 20 percent for its winter schedule. Layoffs may come sooner if flights don't resume at the level he is hoping for in June.

Alistair Smout and Vera Eckert, Reuters | 4 years ago

Ryanair CEO Mulls Further Cuts While Slamming Virgin Atlantic’s Bid for State Aid

Airlines

Richard Branson Pledges $250 Million to Help Virgin Companies Battle Coronavirus

The $250 million pledge sounds like a lot of money, but in this situation probably isn't. It'll also be interesting to see what form the investment actually takes.

Reuters | 4 years ago

Richard Branson Pledges $250 Million to Help Virgin Companies Battle Coronavirus