Richard Branson

Virgin Atlantic is expected to ask for a government rescue package worth hundreds of millions of pounds in The Coming days, The Bbc understands.

requests for state aid are to be expected also from other Airlines .

The government has Said it will only step is to fight the Airlines on a case-to-case basis.

However, The Transport Secretary, told MPs he did not, The State may exclude an ownership share in the United Kingdom, Airlines have been hit by the coronavirus.

Grant shapp's Said , the members of The Transport Select Committee, it was nothing is ruled out, in its response to the Corona-Virus for the air travel.

Asked Labour MP Ruth Cadbury , if the government consider would be the purchase of a share of the UK Airlines , which Said before the collapse, Mr shapp's: "It was important to save companies that would survive in normal times.

However, The Transport Secretary Said , the current shareholders "must be part of The Solution ".

UK-based Airlines have already announced measures to save money like.

Virgin Atlantic had previously proposed that the government offer UK carrier £7. 5 Billion in loans.

The airline's founder Sir Richard Branson This Week , 250 million offered to inject £in the Virgin Group , with the majority of this amount goes to the airline.

The majority of flights from and to the UK were pandemic.

Some Airlines , like British Airways are still operating, A Number of rescue bring flights to stranded Brits home.

earlier This Week , the government Said it would not provide a financial aid package for the aviation industry, but its emergency-business measures, including the Bank of England scheme for companies to raise capital, and employees of the wage subsidies for Airlines .

But the industry group The International Air Transport Association (IATA) warned of a "Apocalypse" in the air travel as he called for the governments around The World for help.

The U.S. Senate on Wednesday a 58 Billion US Dollar (£46 went. 6-Billion -Euro) aid package for the airline industry, the cash for the payment of the pilot, the crew and the salaries of the employees. or not to save?

forgiven if you are confused about whether the government rescue of UK-based Airlines or not.

First Minister indicated that an industry-wide bailout on the cards.

Virgin Atlantic went public and Said , £7. 5 Billion was necessary.

But then a u-turn by the Chancellor.

Rishi Sunak wrote to Airlines and airports, to tell you that the whole industry an emergency rescue package for the aviation industry was not on the way, After All .

What the government offers tailor-made financial support on a case-to-case basis, but only if the Airlines have all other options been exhausted.

the Minister will want to be sure that wealthy shareholders make their contribution.

The Other reason why an industry-wide package was not the case, because the Airlines involved are, finally, rivals, and where, as some of them smacking at the bit for a government loan, while others were against him.

more cash-rich airline, the less keen on a rescue package.

And, for some, cash is the immediate Problem .

Source of news: bbc.com