r3please

Singapore Airlines is reviewing the future of its stake in Virgin Atlantic, a move that may presage a sale, The Telegraph reported.

Singapore Airlines has been steadily shedding non-core businesses and is currently examining options for its 49 percent stake in Virgin, Richard Branson’s flagship company. A number of investment banks are believed to have been consulted, though no formal mandate has as yet surfaced.

banewboi

cranebank i believe is financially neutral, the sim operation is 24hrs and they rent the sims to other companies, the crew facility is also used by loads of different airlines, qf and fc to name but 2!

barké

Recession expected to last 2-3years before bonds, and commoditties begin to pick up and the economy recovers.

Up to airlines to last that long.

DELTABOY

According to a friend who is senior cabin crew management at BA Gatwick there are major changes on the cards at both LGW & LHR. Aircraft groundings & lay offs. Virgin have gone through a fair bit of expansion in the last few years adding more routes & increasing frequencies so probably some major reshuffling due there too.
In answer to a response much earlier on 'Monarch Airlines' appears to be the only surviving UK airline to have stayed in its original form through thick & thin. They really are a truely remarkable company & they never cease to amaze me.

I wouldn't be surprised to see the following disappear from our skies:

Astraeus
XL.com
Palmair European
European Air Charter
Air Southwest (possibly merger with Flybe?)

avrodamo

The answer to this question is no one knows! There are so many variables, and it's so competative that cards are played very close to one's chest. There are bound to be changes, but ask 100 people, and you will get 100 answers. It's a time of uncertaintity and thats all that can be said.

HZ123

Cranebank is neutral however the buildings cost a lot to maintain and are past economic refurbishment. Additionally they pose a problem in risk management by placing the FC, CC and a large proportion of staff training at one location. It is the last chunk of real estate that BA own and will be vacated within 5 years and sold.

overstress

Blimey, didn't know we had a Board Member here on PPRuNe with us...

flyingazorian

"HZ123: United are to lay up to 130 old aircraft and scrap a large number of routes."

hi

130?? Where did you get this figure from?
Official info from United is: 96 B737 + 6 B747 = 100 aircraft
What do you know that we don´t know? Is that 30 Airbus or 30 Boeing Aircraft?

What large number of routes is United scrapping?? Can you be more specific please?

MancRy

Why hark on about Monarch remaining unchanged since being foundered? They have gone through a transition from mainly charter to dabbling in Scheduled to becoming mainly scheduled low cost carrier. I would hardly say they have remained unchanged.

BYALPHAINDIA

Going to be the 'Hardest' Winter all round I think.

This winter will be a 'Big' wake up call for alot of people, The kind of people who live their life's at a mere 50mph.

Those who drive everywhere, And have a car each & a 4x4 on their driveway.

Those who buy sandwiches at M&S at 3.99 a time., And pay for everything on a 'plastic' card.

You know the kind of people I mean I could go on.....

All these luxuries will dissapear.

K.Whyjelly

[quote=flyingazorian;4197306]"HZ123: United are to lay up to 130 old aircraft and scrap a large number of routes."

hi

130?? Where did you get this figure from?
Official info from United is: 96 B737 + 6 B747 = 100 aircraft

When I was at school 96+6=102

smith

Don't be fooled, Michael O'leary will be out with the daggers, Ryanair are cash rich and will survive this no prob. When they come out the other side many airlines and routes will have hit the wall and MOL will be there to sweep up. Ryanair will show reduced profits the next few years but will emerge bigger, fitter and stronger when the upturn starts.

preduk

I think most of them will survive... It's not as if this has just sprung upon them, they have known for a long time giving them enough time to plan/develop their new business plan.

The ones affected the most will be the Air Southwest, EasternAirways etc

AirSurfer

not forgettig another charter airline i.e Thomson, altho merging with FCA the company has been around for many years and the core of its flights are for its holidays it sells so unless people stop going on their holidays with thomson or first choice then i would say their will always be thomson airways

flyingazorian

When I was at school 96+6=102

and still is...i meant to type 94+6=100...

thnks