European politicians closed airports for “too far” and “too long” due to the volcanic ash from Iceland, Richard Branson, the former founder of Virgin Airlines, told CNBC Wednesday.
Australia's Virgin Blue Holdings said on Monday its new airline, V Australia, planned to start daily flights between Sydney and Los Angeles from December.
Virgin Group, controlled by entrepreneur Richard Branson, is leading a consortium that has submitted a rescue plan for British bank Northern Rock that would inject a "substantial cash sum," it said on Friday.
Virgin Mobile USA -- a venture of Sprint Nextel and billionaire Richard Branson's Virgin -- on Tuesday filed for an initial public offering worth up to $467.5 million, earmarked for repaying debts and general purposes. Virgin, which sells mobile services to young people who pay for phone calls in advance, expects to price 27.5 million Class A common shares at $15 to $17 per share.
Who doesn’t want to be Sir Richard Branson? Today, though, he may have bitten of more than his beknighted mouth can chew. I wish him well in starting a new airline based in San Francisco, Virgin America. He will need luck. Folks, if you’ve ever flown in or out of San Francisco, you know what I'm talking about—the bitter resentment growing in your belly as the fog settles in once more and delays your flight for two hours.
Maverick airline Virgin America plans to begin selling tickets Thursday, giving travelers their first chance to book a trip on planes equipped to pamper passengers even when they aren't flying first class.
Richard Branson is willing to buy back Singapore Airlines' 49 percent stake in his airline, Virgin Atlantic, London's Times newspaper reported.