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Old 10th Feb 2020, 12:16
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Virgin do seem to be getting more that there fair share of finger pointing. Stobart etc also have a role to play in all this.
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Old 10th Feb 2020, 12:17
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Originally Posted by FFMAN View Post
Exactly this kind of nonsense. What a ridiculous knee-jerk, 'looking for a bogey-man' thing to say.
Do you really think Branson runs Virgin Atlantic?
Why does nobody point accusing fingers at equal shareholders Stobart? Or. if you prefer something maciavellian, Cyrus.
But as others have said, the finger pointing should be aimed at previous senior management.

Just for the record, I'm not into taxpayer bail-outs either.
The problem is that Branson is seen as the person who runs Virgin and is still a shareholder so many people I've spoken do feel that he should be coughing up the money along with Delta Airlines. Many people see a rich person and a rich company using taxpayers money instead of their own.
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Old 10th Feb 2020, 12:38
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Altea I agree whole heartidly
It should also be rememberedr that Stobart only ptovided assets not cash to the deal
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Old 10th Feb 2020, 13:41
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Virgin don't have a good track record when it comes to any other transport other than Virgin Atlantic itself. They failed the railway, LittleRed, Virgin Express, Virgin Sun, VirginBlue/Australia, Virgin America (?) and Virgin Nigeria! Why would anyone want to partner with them? The brand is blinding everyone to the reality.
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Old 10th Feb 2020, 13:49
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Sharklet.
Have you not read any of the succint 't erudite and accurate posts immeditely above.
Pleas concentrate on spotting
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Old 10th Feb 2020, 13:51
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And also do some researchbefore posting
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Old 10th Feb 2020, 13:52
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[QUOTE=FFMAN;10684169]Exactly this kind of nonsense. What a ridiculous knee-jerk, 'looking for a bogey-man' thing to say.
Do you really think Branson runs Virgin Atlantic?


Tell me are you naturally so rude, or have you had to work at it??..asking for a friend
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Old 10th Feb 2020, 14:24
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Originally Posted by Sharklet_321 View Post
Virgin don't have a good track record when it comes to any other transport other than Virgin Atlantic itself. They failed the railway, LittleRed, Virgin Express, Virgin Sun, VirginBlue/Australia, Virgin America (?) and Virgin Nigeria! Why would anyone want to partner with them? The brand is blinding everyone to the reality.
Virgin West Coast trains was a tremendous customer experience, they only lost the franchise because their minority partner failed to comply with government pension requirements!!
Thanks
David
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Old 10th Feb 2020, 15:34
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Exactly
Virgin and Stobart each own 30% and are thereforeminority share holders.
Cyrus wn40% and obviosly , if the two others disagree, they decide
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Old 10th Feb 2020, 18:16
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Originally Posted by rog747 View Post
Virgin Little Red, Express, America, Sun, Trains west coast, Trains east coast, Cola, Vodka, Brides, Student, Cars, Vie (cosmetics), clothing, Ware (underwear, Megastore, Pulse, Games, and now Connect....

OK some were the subject of predatory takeover (America, being one)
Trains - due to the pretty poisonous tie-up with Stagecoach Virgin lost the West Coast line and simply overbid on the East Coast...
He was also going to be the governments saviour in cleaning up the streets of London some years ago...needless to say it never happened but he got the publicity.
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Old 10th Feb 2020, 18:23
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So now we are moving on to Branson bashing. I doubt he was hardly aware of the minority stake VS acquired last year.
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Old 10th Feb 2020, 19:27
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I doubt he was hardly aware of the minority stake VS acquired last year
No doubt he will be though as soon as there is an opportunity to stand in front of a red-tailed Dash with some red-dressed cabin crew! (if that's going to be the case)
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Old 10th Feb 2020, 21:47
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More stories.

https://bdaily.co.uk/articles/2020/0...ut-of-the-door
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Old 10th Feb 2020, 22:04
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Well Boris has just announced he will get HS2 complete. He will also announce other transport spending plans tomorrow. Will he save Flybe?
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Old 10th Feb 2020, 22:19
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https://www.bbc.co.uk/news/business-51453196 Government in talks about taking a stake in flybe, with giving loan as in a Warren Buffett style purchase shares at a pre arranged (low) price once the airline has returned to health.
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Old 11th Feb 2020, 07:54
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I feel very really sorry for the staff, having been there myself with ailing airlines on and off over the years...

But I am now extremely uncomfortable that HM Govt may give the floundering cash haemorrhaging unhealthy Flybe a low interest loan of at least 100m plus deferred tax bills just to get them through this winter...
Then what? Another cash injection or we have this same conversation in 3 months time?
The 3 ''takeover'' investors (who include VS's SRB and whose branding will be on the tickets and on the side of the planes) who all said they would save Flybe are not coming to the table with much so it seems. Why?

I agree Flybe operates a selection of UK feeder routes to enable connectivity for business, and probably vital for some communities - But you could say so did BMA, Dan Air and others, but no one from the Treasury saved them nor Thomas Cook & Monarch for instance. (1000's of jobs lost)
Would HM Govt give BA any financial assistance - No, are you mad...

The Govt are stepping in and taking back Rail Franchises from the likes of Virgin East Coast, Northern Rail and likely SWR...Will they truly bail out Flybe?

With HS2 getting the green light Adonis says today that regional airports and air travel will not see any gain from them (Govt)...Quite a statement from him.
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Old 11th Feb 2020, 08:01
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It's political the new UK government can't be seen to let an airline fail especially one that serves the regions that it wants to boost connectivity too.

As for BA yes they would bail them out as they provide the UK with massive global presence and connectivity.
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Old 11th Feb 2020, 08:35
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It's political the new UK government can't be seen to let an airline fail especially one that serves the regions that it wants to boost connectivity too.
Agreed, but one suspects that any announcement today will be well embedded (but not entirely buried) as part of "a package of measures we are taking to improve regional connectivity".
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Old 11th Feb 2020, 09:54
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Originally Posted by Wycombe View Post
Agreed, but one suspects that any announcement today will be well embedded (but not entirely buried) as part of "a package of measures we are taking to improve regional connectivity".
There are a lot of measures that could be employed to boost regional connectivity, like the reduction/removal/rebate of APD for UK domestic flights, that might require a bit of imagination to get past state aid rules, but should be possible. Giving all airlines, rather than a financial basket-case an APD reduction/removal/rebate seems like a better way to encourage connectivity between the regions and direct links from the regions to neighbouring countries. The question is what does regional connectivity really mean? Connecting the regions to each other while avoiding London, or connecting the country via London? Given the chronic lack of investment for CrossCountry over the past decade, or more, I wonder if the latter is more important for Whitehall?
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Old 11th Feb 2020, 10:06
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Hopefully in any package HMG will embargo any asset-stripping transfer of LHR slots to VS/DL, or ensure that they are sold at market rate with any proceeds going to pay back the loan.
Also would be sensible, if the aim of any aid is truly regional support, that Flybe LHR slots are used for UK regional services and not redeployed to non-UK destinations (and perhaps even UK ones) already served (e.g DUS), where duplication would contribute nothing except VS/DL feed?
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