Virgin seeks £900 million bailout

Ailing Virgin Atlantic is looking to raise up £900m just days after it said it was unlikely to secure a government bailout. The carrier was originally looking for an additional £750 million , liquidity injection but has upped its request in the expectation of an extended recovery period for aviation. Virgin Atlantic has cut jobs hard, laying off a third of its workforce – so many in fact that reports have emerged that it doesn’t have enough pilots to fly its restored route schedule. It has also closed its base in Gatwick airport. Virgin is looking to secure the cash