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June 02, 2015 8:14 AM ET

Airlines

Company Overview of Virgin Atlantic Ltd.

Company Overview

Virgin Atlantic Ltd., through its subsidiaries, provides domestic, regional, and international air transportation services to passengers and cargo. The company also provides air traffic management services in the United Kingdom and Oceanic airspace. The company was incorporated in 1998 and is based in Crawley, United Kingdom. Virgin Atlantic Ltd. operates as a subsidiary of Virgin Group Ltd.

The Office Manor Royal

Crawley,  RH10 9NU

United Kingdom

Founded in 1998

Phone:

44 12 9356 2345

Fax:

44 12 9344 8373

Key Executives for Virgin Atlantic Ltd.

Chief Executive
Age: 55
Chairman and President
Age: 64
Director of Engineering
Marketing Director
Compensation as of Fiscal Year 2014.

Virgin Atlantic Ltd. Key Developments

Virgin Atlantic Reports Group Earnings and Production Results for the Year Ended 31 December 2014

Virgin Atlantic reported group earnings and production results for the year ended 31 December 2014. For the year, the company reported profit before tax and exceptional items of £14.4 million, representing an improvement of £65.4 million on the previous year's pretax loss of £51.0 million. Group revenue was £2.9 billion. For the year, the company reported average revenue passenger load factors of 77.38%.

TAP Being Eyed By Investors

Portugal's Economy Minister said his country is planning to sell off 49% stake of TAP-Transportes Aereos Portugueses, SGPS, S.A. by the end of 2014. Avianca Holdings S.A. (BVC:PFAVH), Air Europa Líneas Aéreas, S.A.U., Azul Linhas Aéreas Brasileiras S.A have expressed interest in the sale. Delta Air Lines, Inc. (NYSE:DAL), Virgin Atlantic Ltd., Deutsche Lufthansa Aktiengesellschaft (DB:LHA) and International Consolidated Airlines Group, S.A. (LSE:IAG) have also been interested in TAP-Transportes Aereos Portugueses, SGPS, S.A. as per local press but none of them put forward proposals.

Virgin Atlantic and MBNA Sign Five-Year UK Credit Card Partnership

Virgin Atlantic and MBNA have signed a new five-year UK credit card partnership and have reportedly enhanced their Virgin Atlantic Black Credit Card Account for eligible new customers. The signing of a new bilateral agreement takes the successful partnership between the two firms to the end of 2018.

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Recent Private Companies Transactions

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