There has been lots of uncertainty about Virgin Atlantic’s future. While the airline is resuming service as of July 20 and is undergoing a major restructuring, up until now the airline lacked the financing to continue operations for much longer.
Continue reading: Virgin Atlantic Secures New Financing
Share your questions, experiences, and thoughts below.
This is good news. My flight to Europe (finally) got canceled. It was using Virgin miles for a Delta flight.
Glad that it appears that Virgin will survive the pandemic so that when we can fly again to Europe, I can use the credit.
This makes me feel better about the 480k points I have tied up in ANA F flights for November and February that will most likely get canceled
Are they going to start processing refunds? I have a ANA trip in September booked with VS miles that will almost certainly not happen. Heard others were waiting 90+ days for taxes and surcharge refunds...
Random train of thought but I remember they were going to fly to GRU. Which got me thinking, did Latam end up finishing its 777 refurb program? I know you were posting some good updates pre-covid.
My ANA flights on F got cancelled a month ago. I got the points back immediately but it's been over 30 days and no refund yet. I suspect it's going to be another 2 to 3 months before anything happens. Still, this is good news in that they aren't going bankrupt!
My ANA first and F flights were cancelled over three months ago and I still haven't seen my $800 + in taxes refunded... Hopefully this give them the cash to start doing refunds. (the policy for those ANA flights is 90 days)... Thankfully ANA just dropped their taxes a ton.
I wonder what Delta’s stake has been diluted to. Not that it really matters now Virgin is in the JV. Delta have got more than enough strategic value out of that transaction and it doesn’t look like they been completely diluted out. (Unlike Virgin Australia Shareholders)
Current estimates, from the airline itself, is that refunds will take 120 days from the date of request. In truth, there is only £370 million of 'new money' the rest of the deal appears to be deferments which won't go to pay anything at all. Quite how they intend to get back to profitability when the majority of their business is transatlantic is far from clear since there are travel bans eastbound and westbound. Interesting times ahead it seems