London, April 26 (TIWN) British airline Virgin Atlantic was still talking with the UK government about a bailout package to cope with the devastating effects of the coronavirus pandemic on travel, a company spokesperson has said.

The report also claimed that talks with the government for a 500 million pounds ($618 million) bailout package had been “effectively shelved”. But the airline’s spokesperson said that it was incorrect to say that the company has set a deadline to seek a buyer.

“Because of significant costs to our business caused by unprecedented market conditions which the COVID-19 crisis has brought with it, we are exploring all available options to obtain additional external funding,” she was quoted as saying by the newspaper.