Sorry, have I missed something, everybody seems to think that there has been a development, negative of course (of corpse).

I must be further out of the loop than I thought cos I ain't heard nufink.

If it is closing down it can't come as any surprise at this stage. I'll probably be in the U.K. next week so where is the UK VEI wake going to be.

hi ya Al,

no further developments except to say that it ain't completly over yet! still a small glimmer of hope coming from this end!!!

It's EASY to guess why you'll be in the UK.GO on tell us which it is.

Good luck to you and all the best.

Talk to FR. I hear they're looking for some Capts - possibly short contract. Declan Dooney is the man.

Quote by Mr David Hoare Chaiman VEX Dec 12th 2000 " by closing down VEI we can concentrate on our more profitable business in BRU".

So the profitable business VEX wants to concentrate on in BRU lost 65.2m Euros in 2000.

Would you believe by closing VEI they saved the magnificent amount of 2.4m Euros. Now will someone care to tell us, as them Captains of industry runing VEX in BRU put us out of work, who the hell lost the other 62.8m Euros.
This on a turnover of 290m Euros and also on top of a 40m Euro loss in 1999.

All this after borrowing another 20m US from Sir Dickie.

Quote Mr David Hoare Mar 29th 2001 " we are concerned about the level of subsidy Sabena enjoys from the Belgian taxpayer" What the hell does he call 20m US from Dickie then. Quote " There is over capacity in BRU but we expect to break even this year"
Hello Mr Hoare wakey! wakey! there is a small Irish company just starting in BRU who seem to be very good at running a low cost airline.(like 75m profit to your 65m loss) I think your capacity problem is just about to get a whole lot worse.

Michael O'leary was right VEX is a basket case and so are the idiots running it.

Thank god, whatever happens to VEI over the next few days, were well shut of that lot. Wonder if they will be posting any figures for 2001.

OK. It's "so long and thanks for all the fish" - I could only tuff it out till last Monday and then the Bank Manager bit me....so I'll be off then, and now our latest missive from the office is that the investors have APOLOGISED! and the money is on the way........hey - I hope it is -I've got money on it!! But in the mean time g'day - it's been a great couple of years...

s084453 - or whatever your name is - would be VERY interested to know what your interest is in our fate.........

Now, everyone F@ckoffee?

:rolleyes:

I think that the company will close on monday. But it will then be saved at 5 o'clock. Next weeks meetings should be interesting because we will no longer be allied to anybody. Maybe VEX didn't wan't to sell, the Irish cost base must be lower? so when it's dead the new guys will come out of the shadows. TVN is doing more work than ever so how are the Belgians going to manage?

Nice theory BTK - but the money boys work to their own agenda - and the more misery and mayhem that they cause the better they feel -it's all they have for their shrivelled up miserable lives!!!!

so mr or mrs meecoat, off the track a bit there. no comparison comparing apples with oranges (excuse the pun!) but by branson putting in 20 million is different to sabena getting an injection from the government. branson is one investor protecting his interest, 100 million from a government means everyone pays.

Errr... excuse me "Ace" but everything is relative and there are a lot of people losing a greater proportion of their assets/livelihoods than Sir Dick-Brain and unlike him NOT as a result of their best efforts!!! Believe me - there is a comparison here with what Angus (which is a man's name by the way) is saying because within Virgin Express Ireland EVERYONE PAYS.

You have touched a raw nerve here.

Well,what kind of abuse can we expect tomorrow and not to mention the gems of wisdom from the wonder boys??????
"You don`t mind hanging around for a couple of months until we sort it out,....SALARY..ahh you don`t expect to be paid as well do you,how are the wonder boys supposed to live"

to anybody interested do not sign RP 2 unless you are satisfied with the redundancy offered. (or cross out and initial appropriate offending statement)

Word on the street is we're about to be royally 'sh*fted' for our loyalty.
By 1130am tommorrow the speculation will cease. (as will the company?)

Guys, fellow Paddy's alike... the royal shafting seems immenent. Like to take this opportunity to say thanks for a wonderful working environment, the best a first timer could possibly ask for! Was hoping thigs would be different, but thats life!

See you all in the morning, good luck!

Skye,the RP 2 is issued by the state and has to handed into your local social welfare office.
Anything that the company requires you to sign should be looked at very closely.

Thanks Paddy I'll be in the social welfare office tuesday morning.

Next question if we take the cheque tommorrow does that mean we've accepted it as full and final payment?

Think we need to be careful tommorrow, a number of issues need to be addressed.

See you there.

Found this link might be of interest,I think
it will be wise to be very cagey tomorrow.
Just keep reminding ourselves they are out to do us.

http://www.tab.ie/cgi-bin/the_tab_guide.pl

So what is the latest?

From the Sunday Business post

Irish Virgin Express set to close


Will Goodbody
Dublin , Ireland, April 1, 2001

Virgin Express Ireland, the Irish arm of Sir Richard Branson's low-cost airline, will almost certainly close tomorrow, following months of protracted negotiations with a number of potential buyers.


Last Thursday, David Hoare, executive chairman of Virgin Express, said the company would definitely close its Irish operations on April 2, unless a sale was concluded in the meantime. The company has been talking to one potential buyer in particular, he said.


Speaking at the presentation of the company's results for last year, Hoare said that although the potential buyer was still enthusiastic, they were no nearer agreement and he was not prepared to let the situation drag on any longer.


Last Friday, a spokesman for Virgin Express said Hoare and the chief executive of Virgin Express Ireland, Martin Hamrogue, were in constant contact with the interested party, and a last-minute deal could not be ruled out. But industry sources were extremely doubtful about such a prospect. Virgin Express recorded pre-tax losses of e65.3 million last year, compared to e5.5 million in 1999, following a e17.5 million restructuring charge and operating losses of e46.7 million.


The company's response was to end its unprofitable charter contracts, refocus business around its Brussels hub, close bases in Shannon, Gatwick and Berlin and close or sell Virgin Express Ireland. A buyer for the Irish subsidiary was not forthcoming and the company's last remaining route out of Shannon ceased on March 12.


Most of Virgin Express Ireland's 250 staff have been made redundant, and a company spokesman told The Sunday Business Post that nearly all had found alternative employment.

"A company spokesperson said that nearly all staff had found alternative employment"

Who, Where , when? where did this nuget come from????????????????????

It was amazing to receive such a substancial redundancy payment, the fair package from the Virgin group. Total value £00.00.

I'am not joking.

Thank you Sir Richard for your magnanamous severence package. Next time if you wouldn't mind please, I like a little kissing before hand.

People will say he didn't know but is that not his responsability. Ignorance is no defence.

Well boys as advertised we got shafted.
TCC and MH you are offically the lowest forms of life I have ever had the displeasure
of meeting you are sorry excuse for humans I'm sure you wouldn't treat animals that way.

You should take a close look at yourselfs both on a personal and moral level.
Nobody in their right minds should ever go and work for either of you again.
The way we were treated was both madding and sicking.
MH gaves us less than 10 mins and then called out for a phone call wake up to yourself MH.
(By the way what ever your on I'd like some of it!!!!
Oh and of course TCC tried to blame Whore(did I spell that right ??)you BCA boys better watch out your going to get shafted as well.
Anyway I could go on but I'm off to spend my buttons.
To all the guys on the line after nearly 20 years in this game I can safely say I have never worked with a sounder bunch of people we had so much fun together every day was a pleasure to work with you.

I wish success in your new endevers and hope we can meet down route for a few light refreshments.

Good luck to you all!!!!!!


[This message has been edited by Getafix (edited 02 April 2001).]

[This message has been edited by Getafix (edited 02 April 2001).]