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Virgin Atlantic Airways weighs London Stock Exchange float – reports

The possible IPO comes as business and holiday travel slowly picks up

The airline reported a pre-tax loss of 659m for 2020, saying in its 30 April statement that the results 'reflect the toughest year in the airline's 36-year history and the immense challenges that the airline industry has faced due to the Covid-19 pandemic'
The airline reported a pre-tax loss of 659m for 2020, saying in its 30 April statement that the results 'reflect the toughest year in the airline's 36-year history and the immense challenges that the airline industry has faced due to the Covid-19 pandemic' Photo: AFP via Getty Images

Sir Richard Branson's Virgin Atlantic Airways is reportedly planning to float on the London Stock Exchange as it looks to benefit from a rebound of the travel sector with international travel slowly restarting.

The reports come as the UK emerges out of a third lockdown, but international travel restrictions remain in place. The sector was one of the worst hit during the crisis with planes grounded for months as governments sought to control the spread of Covid-19.

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