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Tag: Virgin

Investment offer to take Cornwall and Virgin into orbit

Science
The UK government and Cornwall Council are prepared to invest up to £20m into Newquay airport (Spaceport Cornwall) to make it a base for Virgin Orbit.Orbit is the satellite launch system currently being developed in the US by Sir Richard Branson.This system intends to despatch rockets to space from under the wing of a converted Virgin Atlantic jumbo jet.The investment offer is dependent on Spaceport Cornwall and Virgin Orbit putting together the business case.If everything comes together, however, it could see the jet, called Cosmic Girl, operating out of Newquay in the early 2020s."We're eager to fly from lots of places, to have hubs and gateways to key orbits," explained Will Pomerantz, vice president for special projects at th
Chris Evans draws a million listeners to Virgin

Chris Evans draws a million listeners to Virgin

Entertainment
Chris Evans has helped Virgin Radio break the one million listener barrier, the latest Rajar ratings show.His new breakfast show attracted an average weekly audience of 1.05 million in the first three months of 2019.Virgin Radio as a whole was averaging about 480,000 listeners per week before he joined.Evans moved to Virgin in January after leaving BBC Radio 2, where he attracted around nine million listeners during his decade on the breakfast show.The DJ said he moved to Virgin because he "wanted a new mountain to climb", adding: "I'm back in my spiritual home and loving every minute of it."The new host of the Radio 2 breakfast show, Zoe Ball, kept the audience there relatively steady in her first three months in the job.She rec...
Virgin Galactic carries test passenger to space for the first time

Virgin Galactic carries test passenger to space for the first time

Science
Feb. 22 (UPI) -- Virgin Galactic's space plane carried three people to the edge of space and back for the first time on Friday. According to NASA, space begins 50 miles from Earth's surface. During Friday's test flight, VSS Unity reached an altitude of 56 miles. In December, the plane reached an apex of just more than 51 miles above Earth's surface. In addition to spending a bit more time in suborbital space, Friday's flight featured a test passenger for the first time. Pilots Dave Mackay and Michael Masucci were joined by Beth Moses, Virgin Galactic's chief astronaut instructor. "Beth Moses, experienced zero-g float time as SpaceShipTwo reached apogee today," Virgin Galactic tweeted. Moses is the first woman to enter space aboard a commercial vehicle. VSS Unity is Virgin Galactic's newe...
Branson hunts cash for Virgin space ventures

Branson hunts cash for Virgin space ventures

Technology
By Mark Kleinman, City editor Sir ‎Richard Branson is hunting new funds for his commercial space ventures, months after halting a $ 1bn (£775m) Saudi-funded deal amid an international furore over the murder of Jamal Khashoggi.Sky News ‎has learnt that the Virgin Group founder has hired LionTree Advisors, a corporate finance firm, to help raise hundreds of millions of pounds to inject into Virgin Galactic and Virgin Orbit. Discussions with prospective investors, including sovereign wealth funds, private equity firms, high net worth individuals and strategic partners, are already under way, according to people close to the process.LionTree's appointment is understood to have been made on the back of expressions of investor interest that foll...
Flybe rescued by Virgin in cut-price takeover deal

Flybe rescued by Virgin in cut-price takeover deal

Business
A takeover has been agreed of the troubled regional airline Flybe in a £2.2m deal by a consortium led by Richard Branson's Virgin Atlantic. The move, previously revealed by Sky News' Mark Kleinman, offers just 1p per share, significantly less than the company's closing price of 16.38p on Thursday.Shares were 90% down on market opening, reflecting the massive markdown in the value of the company.The consortium, which includes Stobart Group and Cyrus Capital Partners, will form a new airline group.Flybe will combine with Stobart Airways in a joint venture called Connect Airways.Cyrus will own 40% of the new company, while Virgin and Stobart will each take a 30% share.Under the deal, the three firms will also provide a £20m bridge loan to Flybe and £80m of furt...