Old 12th Jan 2019, 10:23
  #9 (permalink)  
racedo
 
Join Date: Nov 2008
Location: Darkest Surrey
Posts: 5,969
Originally Posted by fast cruiser View Post

Well it canít be that bad as Virgin has paid my mortgage for nearly 2 decades!! 🛎🔚
Good and long may that continue.

https://www.ft.com/content/a81e071a-...e-cc62a39d57a0. However it lost £28 million in last reported Financial year and its margin when profitable is less than 1%.

Neither Virgin or Stobart are making huge profits that allow lots of cash to be invested in turning Flybe around. Flybe Plc was bought by Connect with the 2 airlines getting use of the assets. Connect Airways Ltd directors are Lucien Farrell, Jonathan Brown. Iinteresitng that Warwick Brady appointed as a Director in December and resigned 2 weeks later.

Issue and problem with Joint ventures is that all parties to it will have different agendas.
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