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Virgin 2.0 to swap A330s and B777s for Boing 787s

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Virgin 2.0 to swap A330s and B777s for Boing 787s

Old 16th May 2020, 23:24
  #41 (permalink)  
 
Join Date: Jun 2010
Location: Sydney
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It would be great to keep the 777s, but I just don't see it happening. There is no work for them anytime soon. They burn cash sitting on the ground doing nothing. They own 4 of them, and the creditors will be wanting to sell them for the $$$. The administrators would then try and convince (which they appear to be doing) the new owners to get cheap 787 leases for a replacement. But again, I don't see 787s happening anytime soon.

If Virgin 2.0 has any chance of survival, it really needs to focus on the lean domestic market with one fleet type. Drop everything else, and re-build from scratch.
normanton is online now  
Old 17th May 2020, 00:33
  #42 (permalink)  
 
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Totally agree 👍
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Old 17th May 2020, 05:55
  #43 (permalink)  
 
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Originally Posted by normanton View Post
It would be great to keep the 777s, but I just don't see it happening. There is no work for them anytime soon. They burn cash sitting on the ground doing nothing. They own 4 of them, and the creditors will be wanting to sell them for the $$$. The administrators would then try and convince (which they appear to be doing) the new owners to get cheap 787 leases for a replacement. But again, I don't see 787s happening anytime soon.

If Virgin 2.0 has any chance of survival, it really needs to focus on the lean domestic market with one fleet type. Drop everything else, and re-build from scratch.

Hard nosed business absolutely dictates a leaner operation, but where do they make their money against a pretty tough competitor both high end and low end?

That was part of or perhaps the the reason for Borghetti's foray into the business market. Stuck between an entrenched full service carrier with a huge and ubiquitous FF program and a lean LCC that gets help from its parent as required.

Even with a clean slate, life will be tough no what market they target.

I wish them every success. Lots of mates there.
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