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In 1992, to keep his airline company afloat, Branson sold the Virgin label to EMI for £500 million. [40] Branson said that he wept when the sale was completed because the record business had been the very start of the Virgin empire. He created V2 Records in 1996 to re-enter the music business, owning 5% himself. [41]
Virgin Group [1] is a British multinational venture capital conglomerate founded by Richard Branson and Nik Powell in February 1970. Virgin Group's date of incorporation is listed as 1989 by Companies House, who class it as a holding company; however, Virgin's business and trading activities date back to the 1970s. The net worth of Virgin Group ...
Virgin Atlantic, a trading name of Virgin Atlantic Airways Limited and Virgin Atlantic International Limited, is a British airline with its head office in Crawley, West Sussex, England. The airline was established in 1984 as British Atlantic Airways , and was originally planned by its co-founders Randolph Fields and Alan Hellary to fly between ...
Virgin Money was later bought by Clydesdale and Yorkshire Bank Group (CYBG) in 2018 for £1.7 billion ($2.68 billion). CYBG paid Virgin and Branson a royalty fee to continue using the brand’s name.
This is a list of airlines by foundation date, founded before December 31, 1930. The date of the first airline service may differ from the foundation date. Bold names and a light-green background indicate that the airline is still in operation, while light-yellow indicates a disputed claim.
This week, live vicariously through Virgin Galactic’s first space tourists, encounter a mysterious human relative, discover a vanishing plant, and more.
Virgin Airlines may refer to: Active airlines: Virgin Atlantic; Virgin Australia; Defunct airlines: Virgin America (sold and merged into Alaska Airlines)
Virgin America had its first public offering at the NASDAQ stock exchange on November 14, 2014, selling 13.3 million shares to raise $307 million for the company. [26] A number of airlines interested in a takeover of Virgin America approached the airline in late 2015, prompting Virgin America to correspond with an undisclosed financial adviser ...