Virgin Atlantic’s sales general manager Paul Wait has been appointed as the new chief executive of The Guild of Travel Management Companies (GMTC). Wait, who worked for Virgin Atlantic for 13 years, will take up his new role at the GTMC in January 2013.
Virgin Atlantic has announced a pre-tax group operating loss of £80.2 million for the year to February 29, 2012, blaming the rise in Air Passenger Duty for its inability to make a profit.
Virgin boss Sir Richard Branson has urged the government to support new small and medium business start ups to assist economic growth, according to reports.
Sir Richard Branson has said the world faces “the mother of all recessions” unless much more is done to encourage the development of renewable energy. Addressing delegates at the third annual Six Senses Slow Life Symposium at Soneva Fushi in the Maldives, the founder and chairman of the Virgin Group said governments had to provide additional incentives to support the adoption of alternative fuel sources.
Virgin Atlantic has revealed plans to expand its Caribbean routes, despite fears that the sharp rise in Air Passenger Duty (APD) could deter Brits from travelling to the islands.