Kasual Observer,
I brought up the question regarding accounting as I remember receiving a Balpa presentation after I left, which very clearly pointed at creative accounting and blew a hole in the myth that VS could not afford a payrise. Funnily enough Balpa secured a very good payrise. One further example of this is the purchase of the Alitalia -400s which having been acquired at a very low price ended up by being leased back to the company at very high rates. Its a shame the company acquired these and recruited 200 people without anywhere for them to fly to. Luckily for Virgin Sept 11 gave them an opportunity to sort themselves out.
Last edited by Right Way Up; 7th Jan 2008 at 06:57.