Richard Branson's Virgin Atlantic Airline Rescued in $1.5 Billion Deal
Three months ago, in the heart of the coronacrisis, Sir Richard Branson -- Britain's seventh richest man -- pleaded with the British government to save his Virgin Atlantic airline with a $621 million bailout plan.
Britain declined.
Branson, at wit's end, began casting about for any way to save his company, liquidating shares of space start-up Virgin Galactic (NYSE: SPCE) one day, attempting to mortgage his private Caribbean island the next.
Source Fool.com