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Virgin Atlantic Airways has become Britains second largest airline serving the world's major cities, Since it was founded almost twenty years ago, Virgin Atlantic was developed as an offshoot of Richard Bransons Virgin Group, which was better known at the time as a leading light in the world of pop and rock music. In early 1984, the then young and unorthodox chairman of Virgin was surprised when he was contacted by an Anglo-US lawyer called Randolph Fields with a proposal for an involvement in a new airline called British Atlantic. Fields originally planned to operate a 747 service to New Yorks JFK airport in an all business configuration - an idea that was denied to him by British licensing authorities.
On 22 June 1984 Virgins inaugural flight to Newark took place, a flight filled with friends, celebrities and the media. From those early days the airline has gone from strength to strength. Now based at both Londons Gatwick and Heathrow airports, it operates longhaul services from Heathrow to New York (Newark and JFK), Los Angeles, San Francisco, Washington, Boston, Miami, Tokyo, Hong Kong, Johannesburg, Cape Town, Shanghai, Delhi, Lagos and latest Mumbai. Virgin also operates services from Gatwick to Orlando, Barbados, St Lucia, Antigua, Las Vegas, Grenada and Tobago. Virgin Atlantic also operates a service from Manchester to Orlando.
Richard Branson, Founder and Chairman of the Virgin group of companies, was born in 1950, and educated at Stowe School, where he established a national magazine called Student at the age of sixteen. He started a student advisory service centre aged 17 to help young people. In 1970 he founded Virgin as a mail order record company and shortly after opened a record shop in Oxford Street, London. During 1972, a recording studio was built in Oxfordshire where the first Virgin artist, Mike Oldfield, recorded "Tubular Bells" which was released in 1973. The first album of the newly created Virgin records went on to sell over 5 million copies. Over the years many household names, including Genesis, Phil Collins, Peter Gabriel, Simple Minds, The Human League, Culture Club, Janet Jackson and The Rolling Stones helped make Virgin one of the top six record companies in the world. The interests of Virgin Group had now expanded into international "Megastore" music retailing, book and software publishing film and video editing facilities, clubs, travel, hotels and cinemas through over 100 companies in 23 countries.
Since 1985, Richard has also been involved in a number of world record-breaking attempts. In 1986, his boat Virgin Atlantic Challenger II, rekindled the spirit of the Blue Riband by crossing the Atlantic Ocean in the fastest ever recorded time. This was followed a year later by the epic hot air balloon crossing in 'Virgin Atlantic Flyer which was not only the first to cross the Atlantic but was the largest ever flown. In January 1991, he crossed the Pacific Ocean from Japan to Arctic Canada, again breaking all existing records with speeds of up to 245 miles per hour.
Between 1995 and 1998 Richard Branson and Per Lindstrand and Steve Fossett made a number of attempts to circumnavigate the globe by balloon. In late 1998 they made a record breaking flight from Morocco to Hawaii but their dream was shattered by bad weather before a Swiss team successfully circumnavigated the globe early in 1999.
In the 1999 New Years Honours list Richard Branson received a knighthood for his services to entrepreneurship. Richard lives in London and Oxfordshire and is married to Joan with two children, Holly and Sam.
Anil Mascarenhas of India Infolineposed a few questions to Richard Branson. Read on for more on his plans for India revealed during a recent media meet in Mumbai.There is a perception that flights to India are not very profitable. What is your view?
If the skies were freed up, there would probably be as many flights coming to India as there are at present to the US ever year. Its a vast market that is vastly underserved. I started lobbying around 10 years ago to start flights to India. Thanks to the change in government, I guess, I am finally able to start much more services.
The elimination of barriers on air travel between Britain and India will help increase the number of flights and lower prices. Air fares will fall. The best companies will survive and offer the best services. Airlines like Air India, Jet and Sahara should be allowed to fly anywhere in the U.K. and British Airways and Virgin Atlantic should be allowed to fly anywhere in India.You've asked for more flights to Delhi?
The low-cost carriers are now competing with trains. Competitive pricing and the quality of services would be the deciding factors in the industry.Your plans for space tourism business?
We hope to build hotels in the moon and launch spaceships as well. In two years Virgin Galatic hopes to begin operations.
India Infoline Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.