World Tonight: Airline faced bankruptcy
Evening Chronicle (Newcastle, England), Oct 11, 2008
VIRGIN Atlantic may have "disappeared" if Halifax Bank of Scotland had gone under, Sir Richard Branson said.
The billionaire founder of the airline said HBOS refused to let his company withdraw pounds 1 billion of its money when it looked like it was set to go bankrupt last month. "Virgin Atlantic may have disappeared if HBOS had gone, it could have been that serious," Sir Richard said.
COPYRIGHT 2008 MGN Ltd.
COPYRIGHT 2008 Gale, Cengage Learning
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