Originally Posted by
non_state_actor
So what if they sell it in 7 years time? They're taking a massive risk right now and I would suggest they are probably interested in actually running an airline in the near term. Something that hasn't happened for a long time at VA it's always been about everything else. The concern for staff would be downward pressure on terms and conditions but that's just how it is unfortunately in this market.
At the end of the day Branson started an airline then sold out in a float and has been paid royalty fees for 20 years. What's the difference here really?
Branson will still collect handsomely as they will be using the Virgin name...remember the fee was around $15-20M per annum I believe!