Virgin Orbit has decided to suspend its operation for one week, the American space company also furloughs almost all of its entire staff during the same period. The company is looking for additional funding to remain afloat. Virgin Orbit, founded in 2017, is a subsidiary of Richard Bransons Virgin Group.
On 10 January this year, the historic first attempt to launch satellites from British soil with the help of a redesigned Boeing 747 jumbojet failed. The rocket reached space but ultimately fell short of reaching its target orbit.
Halfway next week, Virgin Orbit hopes to inform its staff.
This post was published on 16 March 2023 20:20
Airbus is preparing to decide on an expansion of A350 production capacity as airlines seek…
Ryanair responded to a passenger’s complaint about its windowless seat 11A with a characteristic social-media…
VINCI Airports has launched the redevelopment of Terminal 2 at Lyon-Saint Exupéry Airport, with opening…
Joshua Wander, co-founder and chief executive of 777 Partners, the investment firm that financed failed…
Condor has launched daily flights between Berlin Brandenburg and Abu Dhabi, operated in codeshare with…
Delta Air Lines will introduce daily seasonal flights between Boston and Reykjavík Keflavík on 12…