Job cuts at Virgin maybe!
Is JB not doing what the board wanted him to do?
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Some CEO's & the like forget that it is not a game. They may be able to collect a few million & wait around for the next position to come up, but the employees & their families are the ones that pay when it all goes wrong. This is a particularly sensitive area for pilots because of the seniority system. Unless you are still relatively young, losing your company can mean the end of your stable career while your experience goes to waste back in the right or, heaven forbid, back seat. And that will be accompanied by a significant reduction in standard of living, or way of life if you end up commuting to a contract job.
I'm not suggesting that that is the case here, but time will tell. If these men & women really had the best interests of their employees in mind, like it is PC to say they do these days, perhaps they would be a little more conservative in their decision making.
I'm not suggesting that that is the case here, but time will tell. If these men & women really had the best interests of their employees in mind, like it is PC to say they do these days, perhaps they would be a little more conservative in their decision making.
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The mail room boy has been the captain of the ship and has driven her into the rocks . Why would anyone think he can fix his own mess. Remember that AirNZ CEO walked with his company after JB didn't walk the plank. Qatar are more or less saying they're out too...
Social niceties are not all that is needed to run a successful airline
Social niceties are not all that is needed to run a successful airline
Nocookies | The Australian
The chief executive of Qatar Airways has ruled out buying any or all of Air New Zealand’s stake in Virgin Australia, saying the Gulf carrier only invests in “successful” airlines.
The rejection by Qatar Airways chief executive Akbar Al Baker comes as analysts at Credit Suisse warn that Virgin Australia needs to raise as much as $1 billion in new capital to repair its balance sheet.
That task to raise capital is likely to fall on Virgin’s existing shareholders — Etihad and Singapore — after Mr Al Baker indicated Qatar Airways had no interest in buying any of the 25.9 per cent stake currently being reviewed for sale by Air New Zealand.
Buying into airlines around the world forms a central plank of Mr Al Baker’s strategy to quickly grow the Gulf carrier. The airline has become the largest investor in British Airways parent International Consolidated Airlines Group and recently it also struck an agreement with Italian carrier Meridiana under which it could take a 49 per cent stake by midyear.
The chief executive of Qatar Airways has ruled out buying any or all of Air New Zealand’s stake in Virgin Australia, saying the Gulf carrier only invests in “successful” airlines.
The rejection by Qatar Airways chief executive Akbar Al Baker comes as analysts at Credit Suisse warn that Virgin Australia needs to raise as much as $1 billion in new capital to repair its balance sheet.
That task to raise capital is likely to fall on Virgin’s existing shareholders — Etihad and Singapore — after Mr Al Baker indicated Qatar Airways had no interest in buying any of the 25.9 per cent stake currently being reviewed for sale by Air New Zealand.
Buying into airlines around the world forms a central plank of Mr Al Baker’s strategy to quickly grow the Gulf carrier. The airline has become the largest investor in British Airways parent International Consolidated Airlines Group and recently it also struck an agreement with Italian carrier Meridiana under which it could take a 49 per cent stake by midyear.
Too many fingers in the Virgin pie. Lots money being siphoned off so the investors can get their money back before the **** hits the fan.
The victims here are the shareholders and the staff.
Would guess another Airline likely to start up in the next 5 years , possibly backed by Middle East or China.
The victims here are the shareholders and the staff.
Would guess another Airline likely to start up in the next 5 years , possibly backed by Middle East or China.
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Wow, Qatar hey..... wonder if he see's an opportunity for more slaves?
Either way, just like all sociopathic CEO's, he is notorious for saying the exact opposite to his intentions.
I dont think I would want to work in Virgin if Qr owned it!
Either way, just like all sociopathic CEO's, he is notorious for saying the exact opposite to his intentions.
I dont think I would want to work in Virgin if Qr owned it!
I wouldn't be relying on SQ to be any sort of white knight. They had the opportunity to get Ansett in 2001 after AirNZ cut it adrift. SQ have proved time and again that unless an airline is based in Singapore then they are clueless.
Could you give a couple of examples?
The Gruniad wrote..
The sale marks the end of Singapore Airlines' financially disastrous investment in 49% of Virgin Atlantic, which it purchased for £600m in 1999, and has now sold for $360m (£224m) to Delta.
Caveat:-I have no inside knowledge as to the tax, or creative accounting implications. My comments are entirely based on the "face value" numbers available in the public domain
^^^ Tiger Australia?
Crawford Rix who came from BMI Baby in the UK was the problem, not so much SQ. This guy ignored the warnings from CASA.
Could you give a couple of examples?
Virgin
Ansett
Air New Zealand
Or was none of that SQ's fault? That was my point, outside of Singapore they have not had a successful investment in airlines.