Rumours & News Reporting Points that may affect our jobs or lives as professional pilots. Also, items that may be of interest to professional pilots.

Virgin Atlantic

Old 20th Mar 2020, 17:50
  #41 (permalink)  
 
Join Date: Aug 2011
Location: Far East
Posts: 80
Angry

I think Tax paying public are fed up with getting screwed over by big business.
Every 10 yrs or so they foot the bill to save these game players who irresponsibly over inflate values of companies, banks , markets etc etc and then suffer subsequent decades of austerity , reduced public service and transport standards , curtailed health benefits , reduced infrastructure etc etc . Meanwhile the top 1% get richer ....
This time I hope businesses go bust , downsizing occurs in banking sectors and there needs to be meaningful implementation of fiscal controls to limit ridiculous over valuation of equity markets.
The rich are living well beyond OUR abilities ..... their greed needs to be put in check .... No more paying for this system , it doesnt work for the people .!!!
wisecaptain is offline  
Old 20th Mar 2020, 18:16
  #42 (permalink)  
Just a numbered other
 
Join Date: Feb 2000
Location: Earth
Age: 68
Posts: 1,167
Originally Posted by wisecaptain View Post
I think Tax paying public are fed up with getting screwed over by big business.
Every 10 yrs or so they foot the bill to save these game players who irresponsibly over inflate values of companies, banks , markets etc etc and then suffer subsequent decades of austerity , reduced public service and transport standards , curtailed health benefits , reduced infrastructure etc etc . Meanwhile the top 1% get richer ....
This time I hope businesses go bust , downsizing occurs in banking sectors and there needs to be meaningful implementation of fiscal controls to limit ridiculous over valuation of equity markets.
The rich are living well beyond OUR abilities ..... their greed needs to be put in check .... No more paying for this system , it doesnt work for the people .!!!
Well put. 👍🏽
Arkroyal is offline  
Old 20th Mar 2020, 18:24
  #43 (permalink)  
 
Join Date: Mar 2002
Location: Florida
Posts: 5,281
Originally Posted by wisecaptain View Post
I think Tax paying public are fed up with getting screwed over by big business.
Every 10 yrs or so they foot the bill to save these game players who irresponsibly over inflate values of companies, banks , markets etc etc and then suffer subsequent decades of austerity , reduced public service and transport standards , curtailed health benefits , reduced infrastructure etc etc . Meanwhile the top 1% get richer ....
This time I hope businesses go bust , downsizing occurs in banking sectors and there needs to be meaningful implementation of fiscal controls to limit ridiculous over valuation of equity markets.
The rich are living well beyond OUR abilities ..... their greed needs to be put in check .... No more paying for this system , it doesnt work for the people .!!!
Well what does this political statement have to do with the subject thread title? It sounds like a broad paint brush on any wall in its way
lomapaseo is offline  
Old 20th Mar 2020, 20:44
  #44 (permalink)  
DIRECTOR
 
Join Date: Jan 2001
Location: U.K.
Posts: 610
When I was in Sq I remember the bearded one coming over to flog 49% despite never really making a profit and getting around £620 million for it.Was the worst investment ever for Sq. They made a huge loss when they eventually flogged it I seem to remember.
thegypsy is offline  
Old 21st Mar 2020, 13:06
  #45 (permalink)  
 
Join Date: May 2002
Location: Courchevel
Posts: 789
The bearded one is not to be trusted, look at how he's just let Flybe slide. I say no state aid to his companies until he's coughed up some of his own wealth and showed willing. His operations have always been a smoke and mirrors charade.
Count von Altibar is offline  
Old 22nd Mar 2020, 10:30
  #46 (permalink)  
 
Join Date: Dec 2002
Location: UK
Posts: 180
Angel ambidextrous

Menny moons ago, Peter Sellers stared in "I'm All Right Jack", as relevent now as it was then!

Over the Last five years, Richard (Rupert) Branson has asked the Government for a bailout of £7.5 Billion to help deal with effects of coronavirus. This is from a man who is not resident in the UK, owns his own Ireland in the Caribean, is worth a reputed £4.5 Billion, doesn't pay any tax and is not known as helping the NHS or State schools.
But he does enjoy expensive "toys" we hear.
Richard (Rupert) Branson has further asked the Goverment for a bailout of £2 Billion when Virgin Rail walked away from the East Cost Mainline contract, five years early.
It goes on! Rupert demanded £2.2 million from the NHS for not being given an NHS contract to Virgin Care.
Rupert paid £2.2 million towards a consortium in January to buy Flybe which collapsed in March!
ambidextrous is online now  
Old 22nd Mar 2020, 10:59
  #47 (permalink)  
 
Join Date: Jun 2007
Location: London
Posts: 381
But, if these entrepreneurs were not around, who would employ us pilots ?
slowjet is offline  
Old 22nd Mar 2020, 11:03
  #48 (permalink)  
BBK
 
Join Date: Feb 2001
Location: UK
Posts: 404
Originally Posted by Lionel Lion View Post
You know when you read a lot of these posts itís almost as if you want people to lose their jobs. Shame on all of you.
Well said Lionel. This forum is, allegedly, for professional pilots and yet to see the number of nasty and vitriolic comments about a company that provides employment for the best part of 1000 pilots is deplorable. Why these detractors want to see Virgin fail is indicative of their twisted logic that they think it will hurt a successful businessman that they have issues with.

In reality it will hurt the rank and file employees. Not just the pilots but the cabin crew, check in staff, engineers, support staff and the list goes on. It will impact the all the other airport staff that support the operation from ATC to caterers and cleaners. Itís gut wrenching to see any company fail and especially when good friends lost their jobs such as at Monarch.

However, there is a huge difference between the companies that failed before, as sad as that was, and the likes of Virgin, BA, easyJet etc. These are, or were, successful companies providing jobs to the aviation industry. This crisis is not like anything seen before and so it is quite right that they lobby the government for support. I have no idea how this would work but I imagine it might be a loan or equity stake perhaps. For those of you that have an urgent need to keep trolling perhaps find another website to spew your poison onto. Just a thought.
BBK is offline  
Old 22nd Mar 2020, 11:05
  #49 (permalink)  
 
Join Date: Jun 2006
Location: Planet no. 3
Posts: 90
What is needed is a worldwide bailout of the airline industry. But not one where the losses are nationalised and the profits are privatised. The airline companies must be taken out of the hands of billionaires such as Branson. This is the only way to preserve any semblance of air infrastructure in countries all over the world.
vlieger is offline  
Old 22nd Mar 2020, 16:35
  #50 (permalink)  
 
Join Date: May 2007
Location: Wherever the skies takes me
Posts: 4
What a load of rubbish people write on here… it’s incredibly sad to see people wanting to see an iconic British airline fail because they heard or made up incorrect facts about SRB and Virgin, I’m guessing many of you are Daily Mail readers or believe D. Trump too much.

Virgin Atlantic has been providing innovate idea’s in the whole global airline industry since the start of VAA, from being the first to introduce In-Flight Entertainment to the first flat beds onboard. They are the David of the David vs Goliath story with BA. Without VAA always snapping at BA’s heels, BA would be an awful airline, they need that healthy competition to keep innovation and keep pushing to provide fantastic service for their customers.

Virgin Atlantic only has about 45 aircraft compared to BA’s 280 ish.. and they hardly make any profit, so for people to say that SRB is a tax con are deluded. If you were in his position, wouldn’t you move to the BVI’s if you constantly had nasty people and press constantly putting you down. They aren’t asking for a bail out but rather a loan, so again its not a burden on tax payers.



Have you thought about all the corporation tax his companies pay and that he has created jobs for over 71,000 people globally? It’s more than anyone on this forum can say. It’s such a cut throat industry and to make any profit is bloody hard especially when you're up against BA who has had everything handed to them on a plate by the government. I’m not against BA but you need people like SRB to break the mould and think outside the box and keep big corporations like BA in check and not runaway with the market share.

Be a positive person and strive for success in British industries, not failure. Check your facts before you write rubbish please.
rotorwings is offline  
Old 23rd Mar 2020, 09:24
  #51 (permalink)  
 
Join Date: Sep 2011
Location: Northern Territory Australia
Posts: 104
I worked with VS for many years. Twice the airline was nearly crushed by circumstances. First, the infamous British Airways ďsabotageĒ and then 9/11 lockdown. There were several other times when times were hard and only today it is reported SRB has added $250m. It is a drop in the aviation ocean of course with the AA ceo saying it is the worst crisis for aviation ever and most others grounding their aircraft in staggering numbers.
Like vegemite which one either likes or hates, SRB is seen in that light.
Those who have no idea of the contents of his wallet make fatuous comments which are to be expected of course. Against all the odds stacked against him and those who work for him the airline has carved a place and in its own way effectively competes against a monopolistic leviathan in some areas of the aviation market.
Gove N.T. is offline  
Old 23rd Mar 2020, 09:24
  #52 (permalink)  
 
Join Date: Jul 2010
Location: Freedom Sound
Posts: 186
If any airline wants Government aid/help then that airline should not pay any dividends out for say 2 years from 1 Jan this year, and also the Government should take some shares in that airline.
esscee is offline  
Old 23rd Mar 2020, 10:56
  #53 (permalink)  
 
Join Date: Feb 2011
Location: Leeds
Posts: 207
Personally, I hope the UK taxpayer doesn't send a penny to any of the UK airlines after the fuss most of them made about Flybe getting a mere 100M in relief, what goes around comes around
Livesinafield is offline  
Old 23rd Mar 2020, 11:10
  #54 (permalink)  
 
Join Date: Oct 2011
Location: UK
Posts: 2
So youíd rather 8000+ people lose their jobs?! Nice one 🤬
A320baby is offline  
Old 23rd Mar 2020, 11:18
  #55 (permalink)  
 
Join Date: Feb 2011
Location: Leeds
Posts: 207
No, id rather no one lost their jobs, but as was stated many times by many Airline CEO's and the public, "taxpayers money shouldn't be used to bail out billionaires"... Of course now its ok to use it because the big boys are hemorrhaging cash and they want protections. You cant have your cake and eat it mate

Easy and BA have deep pockets, they need to use that first

So yes I stand by what I said and hope they don't get a penny
Livesinafield is offline  
Old 23rd Mar 2020, 11:29
  #56 (permalink)  
 
Join Date: Dec 1999
Posts: 340
After all this people will be concerned with food and shelter.....not flying on aeroplanes.....the economic fall out is going to be planet changing.
waco is offline  
Old 23rd Mar 2020, 11:37
  #57 (permalink)  
short flights long nights
Thread Starter
 
Join Date: Aug 1999
Posts: 3,009
80000 people in Australia lost their jobs today at 12.00 pm. All bars, restaurants, clubs, gyms, cinemas .. you name it were ordered to shut. Thousands lined up to claim welfare payments.

When we come out the other side of this, things are going to be very different.
SOPS is offline  
Old 23rd Mar 2020, 11:50
  #58 (permalink)  
 
Join Date: Dec 2018
Location: Hong Kong
Posts: 77
Indeed - it is mind-boggling to realise how many millions of people will be driven into abject poverty in the name of extending the lives of a few very old and/or chronically ill people by a few months.

Surely at some point people will wake up to what's going on and say "Enough!"?
Paul852 is offline  
Old 23rd Mar 2020, 12:02
  #59 (permalink)  
 
Join Date: Oct 2019
Location: UK
Posts: 0
Surely at some point people will wake up to what's going on and say "Enough!"?
Politically it's very difficult for the government to say "Sorry, nothing we can do. Good luck if you catch it."

Quite understandably, nobody wants to make that call, so we're in a situation where essentially the government is trying to buy time while hoping for a miracle (i.e. much quicker than expected progress towards a vaccine and/or a drug therapy that's proven to be effective.) People will only tolerate lockdown measures for a finite (and short) period of time.
flocci_non_faccio is offline  
Old 23rd Mar 2020, 13:32
  #60 (permalink)  
 
Join Date: Nov 2007
Location: UK
Age: 50
Posts: 27
Originally Posted by rotorwings View Post
What a load of rubbish people write on hereÖ itís incredibly sad to see people wanting to see an iconic British airline fail because they heard or made up incorrect facts about SRB and Virgin, Iím guessing many of you are Daily Mail readers or believe D. Trump too much.

Virgin Atlantic has been providing innovate ideaís in the whole global airline industry since the start of VAA, from being the first to introduce In-Flight Entertainment to the first flat beds onboard. They are the David of the David vs Goliath story with BA. Without VAA always snapping at BAís heels, BA would be an awful airline, they need that healthy competition to keep innovation and keep pushing to provide fantastic service for their customers.

Virgin Atlantic only has about 45 aircraft compared to BAís 280 ish.. and they hardly make any profit, so for people to say that SRB is a tax con are deluded. If you were in his position, wouldnít you move to the BVIís if you constantly had nasty people and press constantly putting you down. They arenít asking for a bail out but rather a loan, so again its not a burden on tax payers.



Have you thought about all the corporation tax his companies pay and that he has created jobs for over 71,000 people globally? Itís more than anyone on this forum can say. Itís such a cut throat industry and to make any profit is bloody hard especially when you're up against BA who has had everything handed to them on a plate by the government. Iím not against BA but you need people like SRB to break the mould and think outside the box and keep big corporations like BA in check and not runaway with the market share.

Be a positive person and strive for success in British industries, not failure. Check your facts before you write rubbish please.
Well said, I am getting tired of people offering endless criticisms of what SRB should pr shouldn't do. Healthy competition is good for all. Remember the days before the LCC's and High end carriers came on the scene. We paid flag carrier prices for LCC services. Do we really want to return to those days???
Astir 511 is offline  

Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.