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US, Germany lifts travel ban for South Africa - but UK red list status remains
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Virgin Galactic shares plan to sell $ 500 million worth of shares in Business and Economic News
Virgin Galactic asked for the sale of $ 500 million worth of shares to founder Richard Branson on Sunday after a successful flight into suborbital space.
Virgin Galactic Holdings Inc. the company was asked to sell $ 500 million worth of shares after a flight through rocket by founder Richard Branson, which earned Wall Street praise “as a marketing coup.”
The success of the hour-long mission 50 miles (more than 80 miles) from Earth prompted Virgin Galactic to plan to start offering tourist trips next year. The shares fell the most in almost seven months after the potential sale was announced on Monday, which suggested the company needed more commercial funds while preparing for its commercial debut.
Virgin Galactic stock sinks on plan to sell up to $500m in shares
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Publishing date: May 23, 2021 • 2 hours ago • 9 minute read •
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(Bloomberg) Europe is slowly peeling back border restrictions set in place to stop the spread of Covid-19, providing an opening for sightseers and sun-seekers to finally make plans for a summer migration to Greece, Spain or Italy.
This past week, the U.K. reversed a ban on international leisure travel, while installing a “traffic light” system that ratchets up the costs and hassles of a trip based on the risk. For now, Portugal stands alone among major countries that are both green-lit and welcoming of Brits.
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Global air travel might not get back on a roll until 2023: ‘It’s going to be a long haul out of this’
Updated Feb 07, 2021;
Posted Feb 07, 2021
A floor sign reminds travelers to keep social distancing measures in Terminal 3 at O Hare International Airport in Chicago.(John J. Kim/Chicago Tribune/TNS)TNS
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As coronavirus vaccines started rolling out late last year, there was a palpable sense of excitement. People began browsing travel websites and airlines grew optimistic about flying again. Ryanair Holdings Plc even launched a “Jab & Go” campaign alongside images of 20-somethings on holiday, drinks in hand.
It’s not working out that way.
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