Virgin - 2
Join Date: Mar 2004
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Virgin LGW/MAN/GLA 744's now not to be refitted
Well.
it looks like that the refitting of the Gatwick/Manchester/Glasgow Virgin 744's has been postponed indefinatly due to the current economic climate from comments on the Virgin-lovers web site.
Whilst I can understand the reason (id a real one), well done Virgin for continuing the second and third class service for passengers using these routes.
Crappy IFE, Crappy seats, crappy food and falling behind even some charters on certain routes from Gatwick.
I am sure this will make people rush to buy seats in teh future from Virgin over BA, or even TCD/Excle with their new planes and First choice etc with better planes, better seats and better IFE.
it looks like that the refitting of the Gatwick/Manchester/Glasgow Virgin 744's has been postponed indefinatly due to the current economic climate from comments on the Virgin-lovers web site.
Whilst I can understand the reason (id a real one), well done Virgin for continuing the second and third class service for passengers using these routes.
Crappy IFE, Crappy seats, crappy food and falling behind even some charters on certain routes from Gatwick.
I am sure this will make people rush to buy seats in teh future from Virgin over BA, or even TCD/Excle with their new planes and First choice etc with better planes, better seats and better IFE.
Join Date: May 2008
Location: FL 350
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Virgin is among three funds created to fish for the bottom of the market
Three separate funds are being created to exploit investment opportunities in the battered aviation, hotels and property sectors, The Times has learnt, in a sign that some investors are calling the bottom of the market.
Sir Richard Branson is well on the way to raising more than $1billion from outside investors to back start-up airlines and carriers in financial difficulties. Pension funds, hedge funds and sovereign wealth funds have been quietly approached to invest in a private-equity-style vehicle managed by Virgin Group executives, provisionally entitled Virgin Aviation Fund.
Sir Richard Branson is well on the way to raising more than $1billion from outside investors to back start-up airlines and carriers in financial difficulties. Pension funds, hedge funds and sovereign wealth funds have been quietly approached to invest in a private-equity-style vehicle managed by Virgin Group executives, provisionally entitled Virgin Aviation Fund.
Last edited by heli_port; 7th Jul 2008 at 17:24.
Paxing All Over The World
Very sensible. We have not yet reached the bottom of the market but now is the time to have the organisation ready to catch the failures. So this is business as usual for human beings.
Join Date: Apr 2005
Location: Cloud 9
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Where there's muck there's money
A rolling stone gathers no moss
Like shooting fish in a barrel
Like taking candy from a baby
Thats all I can think of for now - do I win the competition?
A rolling stone gathers no moss
Like shooting fish in a barrel
Like taking candy from a baby
Thats all I can think of for now - do I win the competition?
Join Date: Jun 2008
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Peter We
"Maybe a good time to invest but who says that the travel industries will ever recover?"
No graph is one directional ... you can't seriously believe that the travel industries are to be crippled to the state of no repair with no feasability of bouncing back? There is always going to be demand for air travel both for business and leisure.. An economic correction / slow down / blip isn't going to wipe everything out for good!
"Maybe a good time to invest but who says that the travel industries will ever recover?"
No graph is one directional ... you can't seriously believe that the travel industries are to be crippled to the state of no repair with no feasability of bouncing back? There is always going to be demand for air travel both for business and leisure.. An economic correction / slow down / blip isn't going to wipe everything out for good!
The travel industry could become half the size it was before. If oil prices continue to rise as production falls and demand rises then the travel industry (and most other industry) could continue to decline from here on. Growth is not the natural state, western economies have depended on a continue input of cheap energy to drive that growth. Without cheap energy, growth is impossible.
There are no sources of cheap energy available in the foreseeable future and there fore no chance of economic growth. A famous Pentagon analyst estimated that the world needs to lose half its population for a sustainable existence.
There are no sources of cheap energy available in the foreseeable future and there fore no chance of economic growth. A famous Pentagon analyst estimated that the world needs to lose half its population for a sustainable existence.
Join Date: Jun 2008
Location: ingerland
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Talking about sustainable growth:
If we go back to simple days....
Farmers farmed the land for food....the next man doesnt but he takes wool off sheep to make clothing...They both swap a little of their stock...
that's what the world is now...except that there are more things out there and thus we now use money instead of straight swaps...
So if reply to the last message about worries of there not being enough resources for the people living...surely there's enough in terms of the simple things in life...
And in reference to aviation maybe we have to find a new energy for planes to feed off...
If we go back to simple days....
Farmers farmed the land for food....the next man doesnt but he takes wool off sheep to make clothing...They both swap a little of their stock...
that's what the world is now...except that there are more things out there and thus we now use money instead of straight swaps...
So if reply to the last message about worries of there not being enough resources for the people living...surely there's enough in terms of the simple things in life...
And in reference to aviation maybe we have to find a new energy for planes to feed off...
niknak
Join Date: Dec 2001
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It will be interesting to see which funds decide to take the leap into such investments.
Not that I can actually do anything about it, but I for one would be extremely pissed off & very suprised if my pension fund managers decided to invest in anything aviation related at the moment. They've constantly been in the top ten best managed and most successful funds in the UK for the past 10 years and they didn't do that by investing in travel and leisure.
As has been said, now is a good time to pick up businesses and trade which may be a good bet for the future, but the given the very high start up/re start up costs of anything in aviation, I'd be suprised if Sir Dickie gets sufficiant committment to make the venture worthwhile.
This could of course, be just another money making operation for the bearded one, what a lot of people forget is that only a few of the many business carrying the Virgin brand are owned by him outright, the majority he has only a minority shareholding in and takes a percentage of annual turnover in return for the company having Virgin on the letterhead.
I suspect that this will be the case here.
Not that I can actually do anything about it, but I for one would be extremely pissed off & very suprised if my pension fund managers decided to invest in anything aviation related at the moment. They've constantly been in the top ten best managed and most successful funds in the UK for the past 10 years and they didn't do that by investing in travel and leisure.
As has been said, now is a good time to pick up businesses and trade which may be a good bet for the future, but the given the very high start up/re start up costs of anything in aviation, I'd be suprised if Sir Dickie gets sufficiant committment to make the venture worthwhile.
This could of course, be just another money making operation for the bearded one, what a lot of people forget is that only a few of the many business carrying the Virgin brand are owned by him outright, the majority he has only a minority shareholding in and takes a percentage of annual turnover in return for the company having Virgin on the letterhead.
I suspect that this will be the case here.
so you're saying becuase oil prices have doubled in 12 months - the world population needs to halve otherwise the travel industry will be crippled forever.
Join Date: Jun 2006
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How safe is VA itself...
Not so better by four now, certainly burning more than the twins on the same routes. Will Virgin Atlantic survive or is Singapore going keep bailing it out?
Perhaps the Virgin funds will be needed for Virgin itself?
Perhaps the Virgin funds will be needed for Virgin itself?