Virgin Atlantic is a public limited company as they sell their shares

Etudes

Virgin Atlantic is a public limited company as they sell their shares. Virgin Group sold a 49% stake in the airline to Singapore Airlines in 1999 for £600 million. On 11 December 2012, Delta Air Lines confirmed the purchase of Singapore Airlines’ 49% stake in Virgin Atlantic for £224 million, with future plans to develop a transatlantic joint venture. Regulatory approval from the United States and European Union was granted on 20 June 2013,42 and the purchase was completed on 24 June. Virgin Atlantic liability is limited as it is a public limited company meaning the owners are legally responsible for its debts only to the extent of the amount of capital they invested. Virgin Atlantic is an airline. “We aspire to change business for good”. This quote comes from virgin Atlantic themselves which means that one of their aspirational targets is to change the current state of business worldwide. Virgin Atlantic Airways Limited gives business aircraft administrations. It offers flights to different goals in the United States, Africa, Asia, Mexico, the Middle East, and globally. The organization likewise offers lodging, auto, flight, and occasion booking administrations. Virgin Atlantic Airways Limited was some time ago known as Ritter Public Limited Company and changed its name to Virgin Atlantic Airways Limited in May 1984. The organization was fused in 1981 and is situated in Crawley, United Kingdom with extra workplaces in the United States, the West Indies, China, Hong Kong, India, Japan, Nigeria, South Africa, the United Arab Emirates, and internationally. Virgin is in the tertiary sector as they provide a service. The scope of Virgin Atlantic is International but is UK based