PPRuNe Forums - View Single Post - Virgin Recruiting
View Single Post
Old 27th October 2023 | 15:01
  #370 (permalink)  
turbine100
15 Anniversary
 
Joined: Jul 2009
Posts: 231
Likes: 9
From: Earth
My definition of a good deal is working for a company that give a full type rating and allow you to log hours, which support getting a job. Rather than restricting someone to a cruise pilot without ZFT. If Virgin were to close or lay staff off, like Flybe. It would be quite difficult within that 2 year period to fly a 787 or A350 in another airline without getting ZFT qualified and having 500 hours on the type logged that are not cruise relief.

Therefore other companies who have been recruiting, including a number that did advertise for non rated Airbus / Boeing, look a much better long term prospect. The command in Virgin use to be a long time, now perhaps 7 years for those already SFO's in Virgin who spent the first two years logging hours that work towards command. This could quickly change in the future.

When taking into account the leasing debts, shareholder loans etc. Virgin has around 3.1 billion of financial debts which are higher than its assets. Virgin last made a pre tax profit around 2016. Just to pay back shareholder loans, they will need to generate a consistent profit for a period 10 - 15 years. So now they are trying to keep cash in the business, have a general hiring freeze with exceptions of crew as they need to try and grow new routes to generate revenues to service their debt reduction.

Virgin have had a past history of not always delivering upon promises and quickly removing pilots from the business during difficult times. As mentioned here in this forum.
turbine100 is offline  
Reply