Spectators Balcony (Spotters Corner) If you're not a professional pilot but want to discuss issues about the job, this is the best place to loiter. You won't be moved on by 'security' and there'll be plenty of experts to answer any questions.

Virgin Atlantic

Old 7th Apr 2020, 07:41
  #121 (permalink)  
 
Join Date: Mar 2006
Location: Earth
Posts: 309
Likes: 0
Received 0 Likes on 0 Posts
Apologies Zero/Zero, you are right.
CEJM is offline  
Old 7th Apr 2020, 12:16
  #122 (permalink)  
 
Join Date: Apr 2002
Location: Notts & Derbyshire border
Posts: 465
Likes: 0
Received 0 Likes on 0 Posts
most of the activity of the VS fleet at present is confined what appears to be just cargo only flights to JFK/LAX etc. LAX just got converted to A35X operation which was on the cards anyway, Its mooted they will be actively involved in the next tranche of repatriation charters for the UK GVT.
BRISTOLRE is offline  
Old 7th Apr 2020, 13:01
  #123 (permalink)  
 
Join Date: Jul 2004
Location: Cambridge
Posts: 2
Likes: 0
Received 0 Likes on 0 Posts
Some friends of mine are returning from CPT later this week on VS
Discovery Bay is offline  
Old 7th Apr 2020, 13:36
  #124 (permalink)  
 
Join Date: Feb 2020
Location: London
Posts: 0
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by zero/zero
No, Virgin Group owns 51% of Virgin Atlantic. RB does not fully own the Group... if he did he'd be worth a lot more than the £4bn quoted in the papers
And the Virgin Group is owned by Virgin Group Holdings Ltd, a private company who are based in a Carribbean tax haven with very opaque ownership. So I dont think anyone can say exactly how much Branson owns of anything.
cashash is offline  
Old 7th Apr 2020, 14:46
  #125 (permalink)  
 
Join Date: Sep 2018
Location: London
Posts: 125
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by BRISTOLRE
most of the activity of the VS fleet at present is confined what appears to be just cargo only flights to JFK/LAX etc. LAX just got converted to A35X operation which was on the cards anyway, Its mooted they will be actively involved in the next tranche of repatriation charters for the UK GVT.
just been chartered to do flights to DEL,BOM,JNB and CPT for repatriation
Riskybis is offline  
Old 7th Apr 2020, 16:10
  #126 (permalink)  
 
Join Date: Apr 2002
Location: Notts & Derbyshire border
Posts: 465
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by Riskybis
just been chartered to do flights to DEL,BOM,JNB and CPT for repatriation
That's good news, it keeps people employed and aircraft in the air but its short term relief. I suppose they will use the 789s for these (is G-VROS still at LHR?)
BRISTOLRE is offline  
Old 7th Apr 2020, 16:28
  #127 (permalink)  
 
Join Date: Aug 2000
Location: UK
Posts: 67
Likes: 0
Received 0 Likes on 0 Posts
Just a minor correction chaps. Virgin Atlantic is not owned by Virgin Group. The CEO of Virgin Group Ltd is Peter Norris. He was in charge of the Southeast Asia division at Barings Bank when Nick Leeson took them down for over £800m.

Virgin Atlantic is owned 51% by Virgin Investments Ltd and 49% by Delta Airlines Inc. Richard Branson is listed as a Person of Significant Control, which means no person or company has recently purchased over 25% of the ordinary shares.



GASH ! is offline  
Old 8th Apr 2020, 11:08
  #128 (permalink)  
 
Join Date: Jul 2002
Location: Sussex
Posts: 141
Received 4 Likes on 2 Posts
What do those who don't want VS to get funds say about P and O Ferries wanting £500 million. A big percentage of our food comes via cross channel ferries so that would be affected if P and O failed.

However it is owned by Dubai Ports so let's forget about em eh?
farefield is offline  
Old 8th Apr 2020, 11:32
  #129 (permalink)  
 
Join Date: Sep 2000
Posts: 562
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by farefield
What do those who don't want VS to get funds say about P and O Ferries wanting £500 million. A big percentage of our food comes via cross channel ferries so that would be affected if P and O failed.

However it is owned by Dubai Ports so let's forget about em eh?
I think VS is popular however I know Dicky Branson is seen as an Epstein esq tax avoider. I personally hope to see a survival plan for them or we will be swamped by the ME3 and USA airlines in the future.
qwertyuiop is offline  
Old 8th Apr 2020, 12:17
  #130 (permalink)  
 
Join Date: Jul 2010
Location: Freedom Sound
Posts: 355
Received 8 Likes on 4 Posts
VS may well be popular, however SRB would be equally so as long as he dips his hand into his own pocket first before going cap in hand to HM Gov!
esscee is offline  
Old 8th Apr 2020, 13:55
  #131 (permalink)  
 
Join Date: Sep 2018
Location: London
Posts: 125
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by esscee
VS may well be popular, however SRB would be equally so as long as he dips his hand into his own pocket first before going cap in hand to HM Gov!
he has to the tune of 250million
Riskybis is offline  
Old 8th Apr 2020, 14:19
  #132 (permalink)  
 
Join Date: Feb 2020
Location: London
Posts: 0
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by farefield
What do those who don't want VS to get funds say about P and O Ferries wanting £500 million. A big percentage of our food comes via cross channel ferries so that would be affected if P and O failed.
If P&O collapse and that will cause issues with the distribution of food then the assets should be nationalised as a strategic industry for the UK. The UK taxpayer should certainly not be bailing out foreign companies like Dubai World.

Same goes for Virgin.
cashash is offline  
Old 9th Apr 2020, 00:23
  #133 (permalink)  
 
Join Date: Jan 2008
Location: timbuktu
Posts: 1
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by cashash
If P&O collapse and that will cause issues with the distribution of food then the assets should be nationalised as a strategic industry for the UK. The UK taxpayer should certainly not be bailing out foreign companies like Dubai World.

Same goes for Virgin.
A collapse of P&O would have little effect. Someone would buy them out of administration for peanuts and carry on as before.
marchino61 is offline  
Old 9th Apr 2020, 00:39
  #134 (permalink)  
 
Join Date: Oct 2009
Location: UK
Posts: 1,058
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by marchino61
A collapse of P&O would have little effect. Someone would buy them out of administration for peanuts and carry on as before.
But surely a long period of shutdown before they get going again? That would be far from ideal right now.
giggitygiggity is offline  
Old 9th Apr 2020, 03:07
  #135 (permalink)  
 
Join Date: Jan 2008
Location: timbuktu
Posts: 1
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by giggitygiggity
But surely a long period of shutdown before they get going again? That would be far from ideal right now.
Why shut down? If the business is viable, the administrators will usually sell as a going concern.
marchino61 is offline  
Old 9th Apr 2020, 07:12
  #136 (permalink)  
 
Join Date: Jul 2002
Location: Sussex
Posts: 141
Received 4 Likes on 2 Posts
'"why shut down? If the business is viable, the administrators will usually sell as a going concern."

Because at the moment it it a loss making concern. P and O say that freight alone will not be sustainable.
farefield is offline  
Old 9th Apr 2020, 09:47
  #137 (permalink)  
 
Join Date: Jan 2008
Location: timbuktu
Posts: 1
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by farefield
'"why shut down? If the business is viable, the administrators will usually sell as a going concern."

Because at the moment it it a loss making concern. P and O say that freight alone will not be sustainable.
It won't be loss making if you buy it for a pound.
marchino61 is offline  
Old 9th Apr 2020, 10:22
  #138 (permalink)  
 
Join Date: Jan 2008
Location: UK
Posts: 1,464
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by marchino61
It won't be loss making if you buy it for a pound.
Gosh will that stop cost of running it being more than it's income?
cats_five is offline  
Old 9th Apr 2020, 10:51
  #139 (permalink)  
 
Join Date: Jan 2008
Location: timbuktu
Posts: 1
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by cats_five
Gosh will that stop cost of running it being more than it's income?
Yes. Have you ever heard of things like fixed costs, and financing costs? Variable costs are just a part of the equation.
marchino61 is offline  
Old 9th Apr 2020, 11:08
  #140 (permalink)  
 
Join Date: Jan 2008
Location: UK
Posts: 1,464
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by marchino61
Yes. Have you ever heard of things like fixed costs, and financing costs? Variable costs are just a part of the equation.
How does selling it for a quid get rid of the fixed costs? Or reduce them enough? We have seen plenty of rescues where a company was sold for that sort of price eventually fold.
cats_five is offline  

Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.