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, 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 London and the Falkland Islands. Soon after changing the name to Virgin Atlantic Airways, Fields sold his shares in the company after disagreements with Richard Branson over the management of the company. The maiden flight from Gatwick Airport to Newark International Airport took place on 22 June 1984.

Virgin Atlantic Airways Limited
Virgin Atlantic International Limited
Virgin Atlantic logo 2018.svg
IATA ICAO Callsign
VS VIR VIRGIN
Founded
1984; 39 years ago
Commenced operations
22 June 1984; 38 years ago
AOC #
534 (VAA Ltd)
2435 (VAI Ltd)
Hubs
London–Heathrow
Manchester
Frequent-flyer program
Flying Club
Fleet size
39
Destinations
32
Parent company
Virgin Atlantic Limited
Headquarters
Crawley, England
Key people
Richard Branson (founder)
Shai Weiss (CEO)[1]
Peter Norris (chairman)[2]
Revenue
Increase £2.781 billion (2018)[3]
Operating income
Decrease £-45.3 million (2018)[3]
Net income
Decrease £-38.4 million (2018)[3]
Total assets
Increase £1.886 billion (2018)[3]
Employees
Decrease ~5000 (2020)[4]
Website
www.virginatlantic.com
The airline along with Virgin Holidays is controlled by a holding company, Virgin Atlantic Limited, which is 51% owned by the Virgin Group and 49% by Delta Air Lines. It is administratively separate from other Virgin-branded airlines. Virgin Atlantic Airways Limited and Virgin Atlantic International Limited both hold Civil Aviation Authority (CAA) Type A Operating Licences (AOC numbers 534[5] and 2435 respectively),[5] both of which permit these airlines, operating as Virgin Atlantic Airways, to carry passengers, cargo and mail on aircraft with 20 or more seats.[6]

Virgin Atlantic uses a mixed fleet of Airbus and Boeing wide-body aircraft and operates to destinations in North America, the Caribbean, Africa, the Middle East and Asia from its main hub at London–Heathrow, and its secondary hub at Manchester. The airline also operates a seasonal service from Edinburgh. Virgin Atlantic aircraft consist of three cabins: Economy, Premium (formerly Premium economy)[7] and Upper Class (business).

In July 2017, Virgin Atlantic announced its intention to form a joint venture with Air France–KLM, but in December 2019, it was announced that the joint venture would not include a stake in the company.[8]

On 5 May 2020, it was announced that due to the COVID-19 pandemic, the airline would lay off 3,000 staff, reduce the fleet size to 35 by the summer of 2022, retire the Boeing 747-400s[9] and would not resume operations from Gatwick following the pandemic.[10]

Virgin Atlantic filed for Chapter 15 Bankruptcy Protection in New York on 4 August 2020 as part of a £1.2 billion private refinancing package.[11][12] The airline announced that it is to join the SkyTeam airline alliance in 2023.[13]

Source:Wikipedia