About Jumbo Jet
Virgin Orbit to pause all operations from Thursday
... In January s launch, a Jumbo Jet operated by Virgin Orbit carried a rocket out of Newquay, Cornwall, to release it high over the Atlantic Ocean...
UK space launch: Dislodged fuel filter blamed for rocket failure
... Virgin Orbit sent up a Jumbo Jet carrying the rocket from Cornwall on 9 January...
UK rocket failure is a setback, not roadblock
... The rocket suffered an " anomaly" late on Monday night after its release by a Jumbo Jet operated by the American Virgin Orbit company...
Boris Johnson erased from Grant Shapps spaceport picture
... A Jumbo Jet operated by the American Virgin Orbit company carried a rocket out of Newquay, Cornwall, to release it over the Atlantic Ocean...
UK space launch: Historic Cornwall rocket launch ends in failure
... A Jumbo Jet operated by the American Virgin Orbit company carried a rocket out of Newquay, Cornwall, to release it high over the Atlantic Ocean...
UK space launch: Historic Cornwall rocket mission set to blast off
... Monday s mission will see a repurposed 747 Jumbo Jet release a rocket over the Atlantic to take nine satellites high above the Earth...
Can the UK's race to space take off?
... Instead, the rocket is fixed underneath the wing of a modified Jumbo Jet...
Lockerbie bombing suspect in US custody
... All 259 passengers and crew on board the Jumbo Jet died while another 11 people were killed in Lockerbie when wreckage destroyed their homes...
Virgin Orbit to pause all operations from Thursday
By Christy CooneyBBC News
Virgin Orbit is to pause operations from Thursday in an apparent attempt to shore up its finances.
Almost all employees at the satellite launch company will reportedly also be furloughed.
Bosses told staff about The Move at a meeting on Wednesday, saying a further update would be provided next week.
It Comes after The Company 's failure to launch The First ever satellite mission from UK soil in January.
Chief Executive Dan Hart told staff that The Furlough would buy Virgin Orbit time to finalise a new investment plan, a source who attended The Event told Reuters news agency.
It was not clear how long The Furlough would last, but Mr Hart said employees would be given more information by The Middle of next week.
Shares in Virgin Orbit dropped 18. 8% to 82 cents (72p) in extended trading, Reuters said.
A statement from The Company said: " Virgin Orbit is initiating a company-wide operational pause, effective March 16, 2023, and anticipates providing an update on go-forward operations in The Coming weeks. "
It did not confirm or deny The Furlough when asked by Bbc News .
In January's launch, a Jumbo Jet operated by Virgin Orbit carried a rocket out of Newquay, Cornwall, to release it high over the Atlantic Ocean .
The Rocket ignited and appeared to be ascending correctly, but later suffered an " anomaly".
The satellites it was carrying could not be released and were lost. Cosmic Girl , The Carrier 747 jet, returned safely to base.
Virgin Orbit later said The Mission had failed because a rocket fuel filter had become dislodged, causing one of the engines to overheat.
The Statement released by The Company on Thursday said that The Investigation into the failure was " nearly complete" and that " our next production rocket with the needed modification incorporated is in final stages of integration and test".
The Mission had been billed as a major milestone for UK space, marking The Birth of a home-grown launch industry.
The ambition is to turn the country into a global Player - from manufacturing satellites, to building rockets and creating new spaceports.
Related TopicsSource of news: bbc.com