Tag: Richard Branson

Virgin Atlantic to Buy 8 Airbus A350-1000s

Reading Time: 1 minute Virgin Atlantic said it would buy Airbus Group SE A350 long-range planes while retaining the option to eventually take the aircraft maker’s A380 superjumbo. Virgin Atlantic said it would introduce 12 A350-1000 planes at a list price value of $4.3 billion. The airline would receive the first one in 2019, Chief Executive Craig Kreeger said […]

Alaska Air To Buy Virgin America

Reading Time: 2 minutes Alaska Air has agreed to buy Virgin America for USD$2.6 billion in cash to its boost its operation on the US West Coast and compete more effectively with larger airlines. At USD$57 a share, the deal represents a premium of about 86 percent from Virgin America’s stock price before reports in March that the company […]

Richard Branson Backed Startup To Build Next-Gen Supersonic Airplane

Reading Time: 2 minutes A company called Boom Technology Inc. has unveiled plans for a supersonic airplane of the same name, which is being developed as a replacement for Concorde. Boom airplanes are predicted to fly 2.6 times faster than any other aircraft (and faster than Concorde Mach 2.0), and hit speeds of Mach 2.2 or 1,451 miles per […]