Plan B? Branson reportedly mulls selling Virgin Atlantic as he waits for bailout ...United Arab Emirates

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Plan B? Branson reportedly mulls selling Virgin Atlantic as he waits for bailout
source : Russia Today ( United Arab Emirates ) () 77
Billionaire Richard Branson wants to find a buyer for Virgin Atlantic by the end of May as talks to save the airline from the coronavirus-spurred collapse have still not resulted in success, the Sunday Telegraph reported. The troubled UK-based airline has reportedly hired investment bank Houlihan Lokey to secure the deal. The lender already has over a hundred potential bidders, with around half of them asking for more information about the offer. According to the news outlet, hedge fund Lansdowne Partners, Singapore wealth fund Temasek and Northill Capital, as well as US based firms Centerbridge Partners and Cerberus Capital Management

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