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 23rd Mar 2020, 14:44
  #61 (permalink)  
 
Join Date: Mar 2017
Location: everywhere
Posts: 94
Originally Posted by rotorwings View Post

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.

.
Not quite ...

https://www.wikizero.com/en/Pakistan...)#cite_note-93

"Pakistan International Airlines was the first international airline to introduce entertainment system showing a regularly scheduled film on board in the year 1962"


A320LGW is offline  
Old 23rd Mar 2020, 14:59
  #62 (permalink)  
 
Join Date: Feb 2020
Location: London
Posts: 1
Originally Posted by rotorwings View Post

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.


What is preventing then getting finance from the markets is all they want is a loan?. They could get a commercial loan from the banks, issue bonds or even issue more shares.
cashash is offline  
Old 25th Mar 2020, 12:12
  #63 (permalink)  
 
Join Date: Jan 2008
Location: UK
Posts: 21
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.
AFAIK BA and AF were first to introduce lie flat beds in F somewhere around 95/96, with Virgin introducing them in J in 1999

As for tax fraud, he started out by claiming to export records, getting the paperwork stamped at Dover, and then driving them back to London to be sold avoiding the 33% levy that should have added to them.

Yeh Branson done some interesting stuff but who do billionaires really benefit?
Andy D is offline  
Old 25th Mar 2020, 12:31
  #64 (permalink)  
DIRECTOR
 
Join Date: Jan 2001
Location: U.K.
Posts: 610
Virgin

Cannot imagine any pension fund would have considered in investing in Virgin Atlantic as they have never made any real profit hence Corporation Tax would have been minimal.

Why did he try so hard to sell 49% of his company to the likes of SQ?

The trouble with the bearded one and his empire he hides behind offshore places which makes one unable

to verify what exactly goes on.












thegypsy is offline  
Old 25th Mar 2020, 12:43
  #65 (permalink)  
 
Join Date: Dec 2018
Location: Hong Kong
Posts: 77
Originally Posted by thegypsy View Post
The trouble with the bearded one and his empire he hides behind offshore places which makes one unable to verify what exactly goes on.
Well yes, but that is true of any sizeable company with a half decent tax lawyer!
Paul852 is offline  
Old 27th Mar 2020, 20:39
  #66 (permalink)  
 
Join Date: Feb 2011
Location: Leeds
Posts: 207
https://www.bbc.co.uk/news/business-52066640

Interesting
Livesinafield is offline  
Old 30th Mar 2020, 11:27
  #67 (permalink)  
 
Join Date: May 2002
Location: Courchevel
Posts: 789
Apparently they've asked for a bailout today according to Reuters news agency and some lady reporter on the BBC news the other night saying they've made no money in the last 4 years and need government cash to survive. Such tough times for the airlines I think there's going to be some more big casualties before this crisis is over.
Count von Altibar is offline  
Old 30th Mar 2020, 11:37
  #68 (permalink)  
 
Join Date: May 1999
Location: Europe
Posts: 138
Is it likely that the Treasury would support an airline that is 49% owned by Delta, without pound for pound investment support from Delta as well?
Maxfli is online now  
Old 30th Mar 2020, 12:02
  #69 (permalink)  
 
Join Date: Jul 2010
Location: Freedom Sound
Posts: 186
As Delta will probably get some form of assistance from Federal funds in the US, VS will likely argue that UK gov should bail them out too. Let the bearded one dip into his pockets deeper than the alleged afore mentioned £215m and also see if any banks might then lend some first. If the banks do not then unlucky.
esscee is offline  
Old 30th Mar 2020, 12:36
  #70 (permalink)  
 
Join Date: May 1999
Location: Europe
Posts: 138
That argument would only hold if Delta provide additional investment to VA.
If Delta needs funding from US Treasury, it is unlikely they will additionally support VA, which would make it difficult for Sunak to be the sole source of support funding / guarantees.Aviation bosses have been lobbying the government for a targeted aid package to stop firms going under as a result of the slump in demand.

But in a letter on Tuesday Rishi Sunak said the government would only step in as "a last resort".

Mr Sunak instead urged airlines to try and raise money from shareholders.

https://www.bbc.com/news/business-52027342


Hope the best for all.


Maxfli is online now  
Old 30th Mar 2020, 12:54
  #71 (permalink)  
 
Join Date: May 1999
Location: Europe
Posts: 138
Let's hope something positive comes out of this proposal to Rothschild.

https://www.reuters.com/article/us-h...-idUSKBN21H1CW
Maxfli is online now  
Old 30th Mar 2020, 16:42
  #72 (permalink)  
 
Join Date: Mar 2007
Location: in my own world
Posts: 132
Ok esscee I'll bite...
If the banks do not then unlucky.
So 10,000 jobs down the drain...whilst BA becomes a monopoly and prices get higher. Guess you're happy if you work for BA or are you just a un-informed troll...
xray one is offline  
Old 30th Mar 2020, 17:19
  #73 (permalink)  
 
Join Date: Sep 2011
Location: Northern Territory Australia
Posts: 104
Originally Posted by xray one View Post
Ok esscee I'll bite...

So 10,000 jobs down the drain...whilst BA becomes a monopoly and prices get higher. Guess you're happy if you work for BA or are you just a un-informed troll...
Quite
I doubt there are many institutions with funds who would invest in any airline at the moment.
VS would like to expand to South America but canít because of the lack of slots at LHR. One of the main reasons why BA (of dirty tricks infamy) doesn't want the 3rd runway so as to protect their British long haul monopoly
It has a modern fleet although badly affected by the RR Trent issues., introduced Premium Economy (w cl). Was one of the leaders of the team that introduced the industry standard for computerised Baggage Reconciliation following Lockerbie,
SRB had the guts to try to compete against all the advice against a monolithic monster in BA.
He employed good people Who built the airline and achieved more than many expected.
Donít write it off. The U.K. government is keen not to see good companies fail because of C19



Gove N.T. is offline  
Old 1st Apr 2020, 16:59
  #74 (permalink)  
 
Join Date: Jan 2007
Location: Outside the 12 mile limit
Posts: 69
Originally Posted by xray one View Post
Ok esscee I'll bite...

So 10,000 jobs down the drain...whilst BA becomes a monopoly and prices get higher. Guess you're happy if you work for BA or are you just a un-informed troll...
It would look better if the Beardy One sold his tax free island and ploughed that in to Virgin. Then he could announce that henceforth he would move back to the UK permanently and become a UK taxpayer.
radiosutch is offline  
Old 1st Apr 2020, 18:51
  #75 (permalink)  
 
Join Date: Sep 2018
Location: London
Posts: 109
Originally Posted by radiosutch View Post
It would look better if the Beardy One sold his tax free island and ploughed that in to Virgin. Then he could announce that henceforth he would move back to the UK permanently and become a UK taxpayer.
who will buy an island in the current world state
Riskybis is online now  
Old 1st Apr 2020, 19:01
  #76 (permalink)  
 
Join Date: Mar 2008
Location: Doncaster
Age: 46
Posts: 157
Beardy already seems to have put a lot of cash in, which not many other cheif exec / shareholders seem to be doing. In fact the Orangy chief exec appears to have gone the otherway.

I'm not sure why he personally would feel like putting his own neck on the chopping board. If it survives his return is diminished, uncertain and recovery prolonged. If it goes then his pocket is either safe or emptied depending on what he does.

Harsh, but I can see why he does not want to put more money in - especially when the government flipped on Connect...
davidjpowell is offline  
Old 1st Apr 2020, 19:40
  #77 (permalink)  
 
Join Date: Mar 2002
Location: Florida
Posts: 5,281
Originally Posted by Riskybis View Post
who will buy an island in the current world state
Real estate is a good buy, bridges are a poor buy

and airlines are sell now
lomapaseo is offline  
Old 1st Apr 2020, 20:03
  #78 (permalink)  
 
Join Date: Nov 2007
Location: Planet Beaujolais
Posts: 262
Beardy and his group loosing more dosh with Oneweb going to the wall ?
Blink182 is offline  
Old 1st Apr 2020, 20:48
  #79 (permalink)  
 
Join Date: Nov 2007
Location: this side of the moon
Posts: 36
Originally Posted by Blink182 View Post
Beardy and his group loosing more dosh with Oneweb going to the wall ?
I now understand why hr send you guys, Thankyou for your interest but unfortunately on this occasion......
PFO!
there she blows is offline  
Old 1st Apr 2020, 20:51
  #80 (permalink)  
 
Join Date: Mar 2007
Location: in my own world
Posts: 132
Blink182
Beardy and his group loosing more dosh with Oneweb going to the wall ?
Chapter 11, totally different...do your homework
xray one 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.