Virgin Atlantic will seek more than more than GBP20 million (USD$37.4 million) in compensation from Airbus for delays in deliveries of the A380 superjumbo, a source familiar with the situation said on Monday.

Virgin, half owned by billionaire Richard Branson, was seeking compensation for expected delays in deliveries of the six A380s it has ordered, the source said, confirming UK newspaper reports.

Virgin's board meets on October 12 to review its options on the A380. The airline said last week the delays had "serious implications".