PPRuNe Forums - View Single Post - Virgin Atlantic
Thread: Virgin Atlantic
View Single Post
Old 3rd Apr 2020, 08:25
  #92 (permalink)  
Sick
 
Join Date: Feb 2001
Location: ??-ask crewing
Posts: 181
Likes: 0
Received 0 Likes on 0 Posts
.theres plenty of avenues for them to go down in efforts to raise money !!!
Really? It couldn't be a worse time to try and raise money - Not being publicly listed, Virgin can't do a rights issue, I very much doubt private equity or banks would be interested (apart from maybe an asset strip fire sale), tricky Dicky is rich, but not rich enough to keep it afloat single handed and other airlines have their own issues staying afloat ... And government help - well easyJet cooked the goose for all UK airlines by paying out a dividend while pleading for cash, which went down like a lead balloon with exchequer - even highly profitable and solvent banks which have never asked the government for a penny (eg HSBC, Barclays) cancelled their divi payouts due this week.

Last edited by Sick; 3rd Apr 2020 at 08:48.
Sick is offline