Virgin Atlantic delays IPO plan until early 2022 - source
Virgin Atlantic, the British airline founded by billionaire Richard Branson, has delayed its plan to list until early 2022 to focus on the reopening of the transatlantic market, said a person familiar with the situation. The United States has said it will allow in fully vaccinated travellers from Britain and dozens of other countries in November, fully reopening Virgin Atlantic’s main market for the first time in 18 months. Virgin had been considering a float this autumn according to reports in August, but it will now wait until next year so it can focus on, and benefit from, the wider restart of travel between Britain and the US, the person said. Bookings surged 600% the day when the US announced the rule change, Virgin said on Sept. 21. <br/>
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Virgin Atlantic delays IPO plan until early 2022 - source
Virgin Atlantic, the British airline founded by billionaire Richard Branson, has delayed its plan to list until early 2022 to focus on the reopening of the transatlantic market, said a person familiar with the situation. The United States has said it will allow in fully vaccinated travellers from Britain and dozens of other countries in November, fully reopening Virgin Atlantic’s main market for the first time in 18 months. Virgin had been considering a float this autumn according to reports in August, but it will now wait until next year so it can focus on, and benefit from, the wider restart of travel between Britain and the US, the person said. Bookings surged 600% the day when the US announced the rule change, Virgin said on Sept. 21. <br/>
