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Virgin Atlantic CEO Shai Weiss criticized the U.K. Labour government's budget as a "tax on growth," highlighting increased Air Passenger Duty (APD) rates that could hinder the aviation sector's contribution to the economy. The budget, which includes significant tax hikes aimed at businesses, has raised concerns among corporations about expansion and investment. Despite challenges, Weiss expressed optimism for Virgin Atlantic's return to profitability in 2024, despite ongoing issues with Rolls-Royce Trent 1000 engines affecting operations.
Virgin Atlantic Airways is experiencing strong demand for its business and premium economy seats this winter, reflecting a trend towards luxury travel. While economy class demand is slightly weaker, it aligns with expectations, and fares remain stable. The airline has a limited number of Boeing 787s grounded due to engine issues, but this is not anticipated to affect fares.
Rolls-Royce has established a task force to tackle maintenance challenges with the Trent 1000 engines used in Boeing 787 Dreamliners, following route cancellations by British Airways and Virgin Atlantic due to aircraft shortages. The initiative will involve collaboration across various teams to expedite maintenance processes and includes plans to enhance investment in repair facilities, aiming to double surge capacity by 2030.
Virgin Atlantic Airways Ltd.
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15:17 25.11.2024
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18:12 11.11.2024
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