21st January 2021 12:04 pm
Virgin Orbit has come good on its name just four years after being founded, successfully launching its first satellites to space.
Today s sequence of events for #LaunchDemo2 went exactly to plan, from safe execution of our ground ops all the way through successful full duration burns on both engines. To say we re thrilled would be a massive understatement, but 240 characters couldn t do it justice anyway. pic.twitter.com/ZKpoi7hkGN
Cosmic Girl, the company’s customised 747-400 aircraft, took off from its Mojave Space Port base at 18.50 GMT on Sunday January 17. After reaching its launch site over the Pacific Ocean, the LauncherOne rocket containing the satellites was released from under the aircraft’s wing. The two-stage rocket first propelled itself into low Earth orbit before reigniting to circularise that orbit and release its payload of 10 NASA CubeSats.
Virgin s satellite launcher reaches orbit on second try – Spaceflight Now spaceflightnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from spaceflightnow.com Daily Mail and Mail on Sunday newspapers.
Virgin to use shell company loophole to sidestep foreign ownership cap
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Virgin Australia s new American private equity owners will use a shell company loophole to evade foreign ownership laws in the aviation sector, in a move tipped to spark objections from bitter airline rival Qantas.
The Age and
The Sydney Morning Herald have confirmed that Virgin s new owner Bain Capital has revived a shell company, Virgin Australia International Holdings (VAIH), to sidestep federal laws preventing foreign investors from owning more than 49 per cent of a local carrier operating international flights.
Hibbing, MN, USA / 93.9 WTBX
Jan 11, 2021 8:05 AM
LONDON (Reuters) - Virgin Atlantic, Richard Branson s airline which has been hammered by the pandemic, is close to finalising a deal to raise just over $230 million from two planes, enabling it to repay a loan taken on as part of its rescue deal last year.
COVID-19 restrictions stopped significant levels of travel on Virgin s main UK to U.S. routes during 2020, bringing the airline to its knees. To survive the crisis it shed almost half of its 10,000 workforce and underwent a solvent recapitalisation last September.
The latest phase of that plan is the sale and leaseback of two planes with Griffin Global Asset Management which a source close to the company said was on schedule to complete this week, and would raise just over $230 million for the airline.