Virgin Atlantic

[flyerguy]

Originally Posted by Curious Pax

Just to muddy the water slightly - wasn’t the A350 order for 12 aircraft in total?

Currently still 12. Might just be that there not all due in before or during 2021. Another point is that the A330neo is due to start arriving in 2021 so that maybe a 1 in 1 out situation between the neo and the -300.

[116d]

Originally Posted by rog747

The four A330's retiring in 2022 I guess will be the ex LTU -200 ones? They do not have RR engines.
Virgin have just completed a nice cabin refurb on them although they are getting elderly as an air frame.

They were reported to be on 4 year leases when it was first announced they were joining the fleet, so this is confirming they will leave the fleet when the leases expire.

[Navpi]

https://news.sky.com/story/coronavir...funds-11985678

[flyerguy]

Originally Posted by Navpi

https://news.sky.com/story/coronavir...funds-11985678

Was always to be expected, as the article says, it’s a requirement for them to do it.

Would be interesting to see Deltas reaction as I’m sure they don’t want there shared to be worth zero.

[rog747]

SRB has put on the market a large stake (up to 50%) of his stock in Virgin Galactica - Up to $1bn could be raised.
This would free up cash to inject into VS

and potentially also help stricken Virgin Australia which has $1.2bn of debt (Virgin group has a 10% share in VA)

[Albert Hall]

These continuing leaks out of the Government to Sky News are a total disgrace. Thomas Cook, then Flybe, now Virgin Atlantic all seeing sensitive stuff leaked to Sky News. It’s about time someone in Government got a grip of this.

[ericlday]

G VGBR positioned LHR - DSA just now, followed by G VSXY

[BA318]

Originally Posted by Albert Hall

These continuing leaks out of the Government to Sky News are a total disgrace. Thomas Cook, then Flybe, now Virgin Atlantic all seeing sensitive stuff leaked to Sky News. It’s about time someone in Government got a grip of this.

Given the leak doesn’t involve the Government how do you know that’s the source? Mark Kleinman is a great journalist and has brilliant sources throughout the city. It’s more likely the company appointed is the source of the leak to him.

[EMACargo]

Originally Posted by ericlday

G VGBR positioned LHR - DSA just now, followed by G VSXY

G-VSXY overflying my house about 15 minutes ago at 7000 feet

[Albert Hall]

Common knowledge in the City as to where the leak is. As I say, it’s high time the Government did something about it.

[zfw]

Whats the reasoning behind all these movements in the last week B747s to Man and now these to DSA.?

[BHX5DME]

LHR charges

Originally Posted by zfw

Whats the reasoning behind all these movements in the last week B747s to Man and now these to DSA.?

LHR parking charges are increasing from Monday

[zfw]

Originally Posted by BHX5DME

LHR parking charges are increasing from Monday

Ah Thanks.

[fanrailuk]

Branson to sell Galactic stake to prop up Virgin

[GROUNDHOG]

Should that read trying to sell ....?

[JSCL]

Originally Posted by GROUNDHOG

Should that read trying to sell ....?

As I understand it, a deal is being finalised and not likely to fall through.

We can be certain that VS is being thrown another lifeline here.

[PAXboy]

Glad to hear it. Whether you like VS or not - we need competition in the UK long haul market.

[Jet II]

Originally Posted by PAXboy

Glad to hear it. Whether you like VS or not - we need competition in the UK long haul market.

Well even if VS collapse you will still have competition - from American, Delta, Emirates, Lufthansa...etc. etc.

[Buster the Bear]

Beardy must be desperate! He should have done this a month ago! I wonder what value his 'fire sale' of shares will raise? A lot less than it might have done? I guess his rating in the eyes of the British public and the fact that he was hoping for a huge bail out, that did not occur, has induced this desperate measure?

[TOM100]

You have to ask though why has VS not been able to turn a profit even in the good times ?