Branson seeks buyer for Virgin Atlantic

Richard Branson has set an end-of-May deadline to save the U.K. airline from collapse and is focused on securing new private investment from more than 100 financial institutions

LONDON: Richard Branson is seeking a buyer for Virgin Atlantic Airways Ltd. as he struggles to secure a 500 million pound ($618 million) government bailout, the Telegraph reported.

Branson has set an end-of-May deadline to save the U.K. airline from collapse and is focused on securing new private investment from more than 100 financial institutions, the newspaper quoted people familiar as saying.