Virgin Atlantic may have disappeared if Halifax Bank of Scotland (HBOS) had gone under, Sir Richard Branson said. The billionaire founder of the airline said HBOS refused to let his company withdraw £1 billion of its money when it looked like it was set to go bankrupt last month. "Virgin Atlantic may have disappeared if HBOS had gone, it could have been that serious" - Sir Richard Branson "Virgin Atlantic may have disappeared if HBOS had gone, it could have been that serious," Sir Richard said. He added it would have been "no fault of our own". Sir Richard said: "HBOS looked like it was going to go bankrupt in Europe so Virgin Atlantic rings up HBOS, we have £1 billion pounds on deposit - not really our money, it's people who've bought tickets, people who've bought holidays - and we said, 'We want it out. We want to move it...
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