Virgin Atlantic & Vanguard
 

Hey Gents


Rumor has it that Virgina Atlantic is going to place a bid for
Vanguard Airlines? Has anybody heard anything about this?

No

virgin and vanguard airlines
 

WTF are Vanguard Airlines?????:confused: :confused: :confused:

Small US LoCo, based Kansas City.
http://www.flyvanguard.com/home.asp

Was the subject of a potential acquisition by the owner of Hooters, thereby supplying much jocularity and punning opportunities. And before you ask, Hooters is a restaurant chain in which wholly unremarkable food is served by waitresses with remarkable chests, displayed to advantage (hope that was P.C.).
:cool:

Due to a recent discrimination lawsuit, hooters now serves unremarkable food by unremarkeable gay waiters as well...:( :(

I thought US carriers were restricted to a maximum of 25% foreign ownership? Besides I think if Virgin had the cash for that they'd have a thousand better things to be doing with it right now.

Probably true HS, but setting up a shell holding company (with US officers) is easily done. Usually in Delaware.

Rumours which do not name sources are usually cobblers. This one most likely is too.

HEADLINES: Virgin to set up shoe repair business?

As the former Director of Safety at Vanguard, I can say that the rumors were flying about this several months ago. I personally do not know how true the rumor is, but I do believe that it would be very easy to set up a ghost US holding company to own the airline. However, I believe there is little hope to re-start the airline unless action is taken in a very few days. Most of us have moved on.

I heard a rumour that Branson had a stake in Jetblue.... any truth?

The Big Easy.

I just love answering my own question, not good news though


Vanguard Airlines will liquidate

Vanguard Airlines has run out of suitors and soon will begin liquidating its remaining assets, a lawyer for the Kansas City carrier said Wednesday.


http://kansascity.bizjournals.com/ka...1/daily32.html

I'm in KC today. I wish there was a different outcome, but it's what we expected.

When it's all over, I will post my opinion on what lead up to the bankruptcy.