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Virgin Atlantic

Old 22nd Apr 2020, 11:47
  #241 (permalink)  
 
Join Date: Apr 2014
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Originally Posted by beardy View Post
Ah, the 'trickle down effect' beloved darling of Thatcher and Reagan. It never really worked as intended. Large amounts of money were not spent and the wealth gap widened.
Because they gave tax cuts to the wealthy. Try giving more money to really poor people - they will spend every penny of it just to survive!
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Old 22nd Apr 2020, 12:16
  #242 (permalink)  
 
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Originally Posted by Pearly White View Post
Because they gave tax cuts to the wealthy. Try giving more money to really poor people - they will spend every penny of it just to survive!
I agree. The concept was that the more there was to spend, the greater the trickle down. But it didn't work.
Poor people will spend, but being poor they don't have much to spend.
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Old 22nd Apr 2020, 13:28
  #243 (permalink)  
 
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I know this is pedantry to the extreme (and I apologise) but the IATA code for Virgin Atlantic is VS. VA is Virgin Australia. Kind of grates if people are trying to present otherwise “knowledgable” opinions.
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Old 22nd Apr 2020, 13:50
  #244 (permalink)  
 
Join Date: Apr 2019
Location: Auckland
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Originally Posted by 3Greens View Post
Completely and utterly wrong. I’m not UK resident but I pay some U.K. Tax via PAYE.
You only pay tax on the percentage of time spent working in the uk. If you live and work in Mongolia but have a company in the uk you would be personally liable to pay tax in Mongolia. You most likely wouldn't pay yourself via PAYE but via dividends. Your company would pay various taxes in the UK.
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Old 22nd Apr 2020, 15:49
  #245 (permalink)  
BBK
 
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https://www.independent.co.uk/travel...-a9477156.html

Just to try and balance things out a tad.
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Old 22nd Apr 2020, 15:52
  #246 (permalink)  
 
Join Date: Feb 2011
Location: Leeds
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Much rather see Virgin survive than BA thanks
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Old 22nd Apr 2020, 15:53
  #247 (permalink)  
 
Join Date: Sep 2007
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Originally Posted by BBK View Post
https://www.independent.co.uk/travel...-a9477156.html

Just to try and balance things out a tad.
To be honest it is written by Simon Calder so it must be true.
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Old 22nd Apr 2020, 16:00
  #248 (permalink)  
 
Join Date: Oct 2005
Location: uk
Posts: 87
VA co owner raising issues on Bloomberg
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Old 22nd Apr 2020, 16:00
  #249 (permalink)  
 
Join Date: Apr 2020
Location: London
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Originally Posted by BBK View Post
Just to try and balance things out a tad.
I'm unable to post a link as I have less than 10 posts, but Marina Hyde's article in yesterday's Guardian "Richard Branson's bailout plea proves there's no one more shameless" provides a counterbalance!

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Old 22nd Apr 2020, 16:35
  #250 (permalink)  
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WARNING!

Moderating the inappropriate posts on this thread, and responding to a number of reports of rude posts is getting to be too much work. I have not locked the thread, but I'm thinking about it. In the midst of the inappropriate posts is some good discussion, which I would like to encourage. If you would like the thread to continue, don't abuse it.

One of your moderators.
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Old 22nd Apr 2020, 16:37
  #251 (permalink)  
 
Join Date: Feb 2019
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Originally Posted by Livesinafield View Post
Much rather see Virgin survive than BA thanks
In terms of customer service and possibly(???? I wouldn’t know, never worked for either of them) Ts&Cs and working conditions, then yes.
In terms of the bigger picture like the effect on the economy and regional connectivity issues, absolutely not.
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Old 22nd Apr 2020, 16:56
  #252 (permalink)  
 
Join Date: Nov 2007
Location: UK
Age: 51
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Originally Posted by Livesinafield View Post
Much rather see Virgin survive than BA thanks
Can I ask why?

One is an extremely profitable business and the other not?

Are you happy to pay the extra tax to support businesses like Virgin?

Not sure the Italian approach to economics works in the real world.

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Old 22nd Apr 2020, 16:56
  #253 (permalink)  
 
Join Date: Oct 2016
Location: North London at last
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Originally Posted by Livesinafield View Post
Much rather see Virgin survive than BA thanks
Translates as "I would much rather 45000 lose their jobs than 8500".
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Old 22nd Apr 2020, 17:05
  #254 (permalink)  
 
Join Date: Mar 2008
Location: London
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Originally Posted by Livesinafield View Post
Much rather see Virgin survive than BA thanks
You are Richard Branson and I claim my five quid.
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Old 22nd Apr 2020, 17:37
  #255 (permalink)  
 
Join Date: Nov 2007
Location: this side of the moon
Posts: 39
Originally Posted by Pilot DAR View Post
WARNING!

Moderating the inappropriate posts on this thread, and responding to a number of reports of rude posts is getting to be too much work. I have not locked the thread, but I'm thinking about it. In the midst of the inappropriate posts is some good discussion, which I would like to encourage. If you would like the thread to continue, don't abuse it.

One of your moderators.
Hear hear!
An excellent time to step in , some of my posts were a little inflamed, during this hot topic
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Old 22nd Apr 2020, 17:53
  #256 (permalink)  
 
Join Date: Feb 2019
Location: london
Posts: 128
https://news.sky.com/story/coronavir...antic-11977216

Delta expect virgin to enter administration.
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Old 22nd Apr 2020, 18:00
  #257 (permalink)  
 
Join Date: Apr 2020
Location: London
Posts: 3
Originally Posted by nowhereasfiled View Post
...Delta expect virgin to enter administration.
This could actually help the VS bid for £500m Treasury funding (assuming they resubmit it), as when their first bid was knocked back it was stated they hadn't done enough to prove they had exhausted investment from their shareholders. This provides evidence DL can't/won't provide any.
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Old 22nd Apr 2020, 18:00
  #258 (permalink)  
 
Join Date: Aug 2011
Location: Far East
Posts: 81
Angry

Oh dear !!
So why is Branson not going to the credit markets ?
His island is woth didly squat , only what some other billionaire will pay and I guarentee its not worth $100million as he claims .
Come Branson , show you really want your airline , pay through the nose just like Carnival Cruise did to get their cash needed.
At this rate your hardly convincing anyone that you REALLY want to save it !!
Govt and taxpayers will not fund you ... do the right thing and step up to the credit markets !!!
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Old 22nd Apr 2020, 18:44
  #259 (permalink)  
 
Join Date: Jan 2008
Location: Reading, UK
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Originally Posted by nowhereasfiled View Post
https://news.sky.com/story/coronavir...antic-11977216

Delta expect virgin to enter administration.
The linked article doesn't contain any such prediction by Delta.
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Old 22nd Apr 2020, 18:54
  #260 (permalink)  
 
Join Date: Nov 2010
Location: EU
Posts: 618
Branson has an emotional attachment to VS, so hopefully, something will happen. A real shame, VS had turned a corner in recent years and about to become profitable then focus on expansion. A rather depressing thought that the only UK carrier out of LHR will be BA. I still think VS will find the money. Otherwise, I look forward to the new airline that steps in and takes over from Virgin. I'm sure the new airline will have amazing Ts and Cs and won't use agencies/contract pilots thus further degrading our industry...not.

Interestingly, everyone (UK public, not this forum) seems very concerned about a loan of £500m of public money, but I wonder if these same people are that vocal and against £106 billion spend on HS2. A complete farce.

Also interesting that the government have told Wizz Air they qualify for the Covid Financing Facility. A non-UK company with 1.5 billion in the bank. Regardless if Wizz has a UK subsidiary or not, if we're going by the mantra that the parent should have the responsibility over it's children (Branson and Virgin) surely the same should apply.
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