View Full Version : Virgin Atlantic & Vanguard
Midnight Mike
21st Oct 2002, 18:31
Hey Gents
Rumor has it that Virgina Atlantic is going to place a bid for
Vanguard Airlines? Has anybody heard anything about this?
ockham hold
21st Oct 2002, 18:36
No
Brookmans Park
21st Oct 2002, 18:40
WTF are Vanguard Airlines?????:confused: :confused: :confused:
PaperTiger
21st Oct 2002, 19:40
Small US LoCo, based Kansas City.
http://www.flyvanguard.com/home.asp
Was the subject of a potential acquisition by the owner of Hooters, thereby supplying much jocularity and punning opportunities. And before you ask, Hooters is a restaurant chain in which wholly unremarkable food is served by waitresses with remarkable chests, displayed to advantage (hope that was P.C.).
:cool:
ironbutt57
21st Oct 2002, 19:43
Due to a recent discrimination lawsuit, hooters now serves unremarkable food by unremarkeable gay waiters as well...:( :(
Hand Solo
22nd Oct 2002, 15:21
I thought US carriers were restricted to a maximum of 25% foreign ownership? Besides I think if Virgin had the cash for that they'd have a thousand better things to be doing with it right now.
PaperTiger
22nd Oct 2002, 16:36
Probably true HS, but setting up a shell holding company (with US officers) is easily done. Usually in Delaware.
Rumours which do not name sources are usually cobblers. This one most likely is too.
Atropos
22nd Oct 2002, 16:42
HEADLINES: Virgin to set up shoe repair business?
As the former Director of Safety at Vanguard, I can say that the rumors were flying about this several months ago. I personally do not know how true the rumor is, but I do believe that it would be very easy to set up a ghost US holding company to own the airline. However, I believe there is little hope to re-start the airline unless action is taken in a very few days. Most of us have moved on.
The Big Easy
22nd Oct 2002, 21:56
I heard a rumour that Branson had a stake in Jetblue.... any truth?
The Big Easy.
Midnight Mike
23rd Oct 2002, 21:07
I just love answering my own question, not good news though
Vanguard Airlines will liquidate
Vanguard Airlines has run out of suitors and soon will begin liquidating its remaining assets, a lawyer for the Kansas City carrier said Wednesday.
http://kansascity.bizjournals.com/kansascity/stories/2002/10/21/daily32.html
I'm in KC today. I wish there was a different outcome, but it's what we expected.
When it's all over, I will post my opinion on what lead up to the bankruptcy.