Virgin Group's Big Week: Aviation, Telecom and Space Breakthroughs Explained
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Virgin Group's Big Week: Aviation, Telecom and Space Breakthroughs Explained
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About this listen
Virgin Groups buzzing subsidiaries have been making waves this week with fresh moves across aviation telecom and space. Virgin Media O2 kicked off stabilisation for its 430 million euro vendor financing notes due 2033 on January 27 via Deutsche Bank as manager according to Investing.com with the period running until late February and guarantees from key units like Virgin Media Limited. The telecom giant also slashed call transfers by over 1.3 million last year using AI natural language understanding and cross skilled agents saving customers 400000 hours per Liberty Global reports boosting service amid halved complaints.
Down under Virgin Australia launched its first international route from Canberra to Bali on January 28 adding 40000 seats yearly with Boeing 737s starting June 22 and fares from 399 dollars the companys newsroom announced calling it a milestone as the only Aussie carrier on that hop. In the skies Virgin Atlantic rolled out High Five a loyalty perk on January 29 crediting 12000 points to members flying across five years back to 2021 per Travel Market Report with bonus points for Red tier flyers and non expiring rewards redeemable on Delta partners.
Virgin Wines toasted encouraging Christmas results on January something with five percent revenue growth to 34.7 million pounds in the first half driven by 40 percent customer gains and 92 percent surge in Warehouse Wines despite market woes CEO Jay Wright told The Drinks Business eyeing full year targets with a debt free balance sheet. Virgin Atlantic inked a deal with Stellar Entertainment for premium inflight audio playlists now fleet wide and on Spotify per Future Travel Experience.
Space wise Virgin Galactic tapped an all female research team led by Kellie Gerardi for an upcoming suborbital mission as CBS News highlighted on January 26 amid plans to resume flights at Spaceport America per BizJournals. Older Epstein file emails resurfaced showing Richard Branson in 2013 jokingly telling the financier bring your harem and offering PR advice after Necker Island visits Sky News reported but a Virgin spokesperson stressed limited business contacts due diligence nixed a donation and no further ties post allegations all verified no new developments there.
No major Branson public appearances or Virgin Group social mentions popped in reliable feeds this week keeping the focus on these operational wins.
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