Virgin Atlantic - Virgin Atlantic International Limited (VAIL). In November 2015, VAIL obtained its own Air Operators Certificate and Operating Licence, and commenced operations with two former Virgin Atlantic Airways Limited operated Airbus A330-300 aircraft taking over routes previously operated by Virgin Atlantic Limited between London Gatwick and Barbados, St Lucia, Antigua, Grenada and Tobago. These flights are operated on behalf of Virgin Atlantic. Upon incorporation as an AOC holder, the majority of Virgin Atlantic's landing slots at London Heathrow Airport were transferred to VAIL, allowing Virgin to access the value of the carriers slots by 'mortgaging' them through open investment from
Newark Liberty International Airport opened in June 1988. Underutilized in the 1970s, Newark expanded dramatically in the 1980s. People Express struck a deal with the Port Authority to use the North Terminal as its air terminal and corporate office in 1981 and began operations at Newark that April. It grew quickly, increasing Newark's traffic through the 1980s. Virgin Atlantic began service between Newark and London in 1984, challenging JFK's status as New York's international gateway (but Virgin Atlantic now has more flights at JFK than at Newark). Federal Express (now known as FedEx Express) opened its second hub at the airport in 1986. When