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18th Nov 2020, 15:10
Replies: 1,271
Views: 1,043,836
Posted By fruitbat

Latest news.. ...

Latest news..

https://www.cityam.com/norwegian-air-enters-restructuring-proceedings-in-bid-to-survive/
10th Nov 2020, 07:53
Replies: 1,271
Views: 1,043,836
Posted By fruitbat

Further reporting from Reuters... ...

Further reporting from Reuters...

https://uk.reuters.com/article/uk-norwegianair-results/norwegian-air-may-halt-operations-in-early-2021-without-more-cash-idUKKBN27Q0N2
9th Nov 2020, 08:09
Replies: 1,271
Views: 1,043,836
Posted By fruitbat

Norwegian Government have held a press conference...

Norwegian Government have held a press conference where they seem to have ruled out investment.

https://apple.news/A8vQDJ9mfQ-mblPAnZcAD5w
23rd Oct 2020, 18:57
Replies: 605
Views: 551,657
Posted By fruitbat

Things coming to a head with refunds. ...

Things coming to a head with refunds.

https://www.bbc.co.uk/news/business-54659141
6th Oct 2020, 13:23
Replies: 1,271
Views: 1,043,836
Posted By fruitbat

Not good news when a heavyweight like Wizz starts...

Not good news when a heavyweight like Wizz starts competing on your domestic routes..

https://www.routesonline.com/news/29/breaking-news/294213/wizz-air-to-shake-up-norways-domestic-market/
6th Sep 2020, 11:30
Replies: 605
Views: 551,657
Posted By fruitbat

Virgin have sold their training base near...

Virgin have sold their training base near Gatwick, and will stay there until 2021, does anyone know what then? It’s quite a big operation to be moved if it includes SEP hall etc.
...
4th Aug 2020, 13:07
Replies: 605
Views: 551,657
Posted By fruitbat

Deal not complete yet and cash reserves running...

Deal not complete yet and cash reserves running low.

https://www.bloomberg.com/news/articles/2020-08-04/virgin-atlantic-seeks-rescue-signoff-to-avoid-september-collapse
27th May 2020, 10:26
Replies: 605
Views: 551,657
Posted By fruitbat

List of suitors for VS narrows... ...

List of suitors for VS narrows...

https://www.bloomberg.com/news/articles/2020-05-26/virgin-atlantic-suitors-narrow-with-clock-ticking-on-new-funding
24th May 2020, 18:12
Replies: 605
Views: 551,657
Posted By fruitbat

At least advisory firms are making some money.. ...

At least advisory firms are making some money..

https://news.sky.com/story/coronavirus-virgin-atlantic-lenders-brace-for-restructuring-hit-11993843
14th May 2020, 07:38
Replies: 605
Views: 551,657
Posted By fruitbat

Whilst no doubt you have skin in this... you...

Whilst no doubt you have skin in this... you can’t say that for sure. Going forward no airline is safe,
10th May 2020, 06:54
Replies: 605
Views: 551,657
Posted By fruitbat

The Telegraph are reporting Greybull, formerly of...

The Telegraph are reporting Greybull, formerly of Monarch fame, are one of the interested parties in VS. They see VS as “viable, but in need of restructuring”
9th May 2020, 17:55
Replies: 605
Views: 551,657
Posted By fruitbat

Delta won’t be happy if their share of VS is...

Delta won’t be happy if their share of VS is wiped out in any administration process.
7th May 2020, 06:35
Replies: 605
Views: 551,657
Posted By fruitbat

Whilst I hope the unions can drastically reduce...

Whilst I hope the unions can drastically reduce the number, even the whole 744 fleet can’t be anywhere near 426 strong? So there must be another method of selection as well. Good luck to all.
26th Apr 2020, 18:10
Replies: 605
Views: 551,657
Posted By fruitbat

Eye opening figures when you think about it.. ...

Eye opening figures when you think about it..

“Virgin accumulated £211m of losses last decade for a negative 0.1% operating margin. British Airways made £11 billion at a 10% margin”
...
25th Apr 2020, 18:09
Replies: 605
Views: 551,657
Posted By fruitbat

I don’t think the Government will be swayed by...

I don’t think the Government will be swayed by some bad press and a few flimsy petitions against Mr Branson. What they will be looking at is will the loan be repaid? Virgin has struggled to make...
25th Apr 2020, 09:12
Replies: 605
Views: 551,657
Posted By fruitbat

Interesting to hear the views of the former Flybe...

Interesting to hear the views of the former Flybe COO...

https://www.lbc.co.uk/radio/presenters/andrew-castle/branson-michael-oleary-spot-on-virgin-bailout/
24th Apr 2020, 19:18
Replies: 605
Views: 551,657
Posted By fruitbat

It’s all relative of course. In that year what...

It’s all relative of course. In that year what profit did BA, EasyJet and Ryanair make?
21st Apr 2020, 07:04
Replies: 605
Views: 551,657
Posted By fruitbat

Branson was widely quoted in the press back in...

Branson was widely quoted in the press back in 2009 arguing against the UK government bailing out BA after the financial crisis.
18th Apr 2020, 11:16
Replies: 605
Views: 551,657
Posted By fruitbat

First application knocked back.. “Virgin...

First application knocked back..

“Virgin Atlantic has been told to resubmit its proposal for a 500 million pound ($625.35 million) coronavirus bailout package after the UK government was left...
14th Apr 2020, 11:11
Replies: 1,271
Views: 1,043,836
Posted By fruitbat

Record drop in Norwegian share price today,...

Record drop in Norwegian share price today, understandable as shareholders will be either massively diluted or the company will cease to exist.
6th Apr 2020, 17:59
Replies: 1,271
Views: 1,043,836
Posted By fruitbat

https://www.flightglobal.com/strategy/hsbc-expects...

https://www.flightglobal.com/strategy/hsbc-expects-european-airline-consolidation-amid-covid-19-crisis/137774.article

“HSBC believes all of the airlines it covers bar Norwegian will survive”
4th Apr 2020, 11:05
Replies: 605
Views: 551,657
Posted By fruitbat

You reckon?! No airline will continue “as...

You reckon?! No airline will continue “as normal”. Look back at how VS has dealt with downturns in the past, this is far more serious..
12th Mar 2020, 11:43
Replies: 1,271
Views: 1,043,836
Posted By fruitbat

Norwegian shares down 30% today...

Norwegian shares down 30% today...
12th Mar 2020, 11:42
Replies: 153
Views: 170,267
Posted By fruitbat

Norwegian shares down 30% today...

Norwegian shares down 30% today...
9th Jul 2019, 19:54
Replies: 6,987
Views: 7,062,120
Posted By fruitbat

For 350/380 you would need to be current Airbus....

For 350/380 you would need to be current Airbus. 320 experience is most common for DEP’s on those fleets.
6th Jul 2019, 07:43
Replies: 6,987
Views: 7,062,120
Posted By fruitbat

I’ve definitely changed my bid to allow more...

I’ve definitely changed my bid to allow more weekend work, top 10% on my fleet so have the choice fortunately. Its been emphasised it’s a temporary measure, so if I don’t need a weekend off...
28th Mar 2019, 19:49
Replies: 32
Views: 52,328
Posted By fruitbat

We have a proverb in these parts... ’Buy...

We have a proverb in these parts...

’Buy cheap, buy twice’
25th Mar 2019, 15:05
Replies: 224
Views: 327,960
Posted By fruitbat

Two WOW air planes have been grounded, one in...

Two WOW air planes have been grounded, one in Montreal and the second in Santa Clara in Cuba. The planes were grounded on request of the company that rents the planes to WOW air.

Bookings for...
25th Mar 2019, 09:06
Replies: 224
Views: 327,960
Posted By fruitbat

Several cancelled flights today and tomorrow now...

Several cancelled flights today and tomorrow now showing.
9th Mar 2019, 14:24
Replies: 1,221
Views: 970,545
Posted By fruitbat

Mr Walsh also said in the same interview that...

Mr Walsh also said in the same interview that Norweigian faces “very, very significant challenges”
9th Mar 2019, 10:45
Replies: 1,221
Views: 970,545
Posted By fruitbat

Who will be right...? ...

Who will be right...?

http://www.travelweekly.co.uk/articles/326111/more-carriers-to-fail-warn-airline-bosses

O’Leary described Norwegian’s low-cost long-haul business model as “one that is...
Forum: Middle East
12th Feb 2019, 18:03
Replies: 27
Views: 16,248
Posted By fruitbat

Gatwick 320 commands as low as a year in the...

Gatwick 320 commands as low as a year in the company for people with the required hours.
13th Jan 2019, 18:25
Replies: 6,987
Views: 7,062,120
Posted By fruitbat

380 fleet is certainly the one to be on for a new...

380 fleet is certainly the one to be on for a new joiner. All good trips and no low credit 2 crew stuff in winter at least. If the 350 launch route crewmour is true, it won’t be half as glamorous!
24th Dec 2018, 19:44
Replies: 162
Views: 116,126
Posted By fruitbat

Selling aircraft may give short term liquidity...

Selling aircraft may give short term liquidity but it increases long term debt. It may prolong the airline for a short while but it’s going to make life even more difficult down the road. Dark clouds...
23rd Dec 2018, 21:35
Replies: 182
Views: 138,491
Posted By fruitbat

I think you’ll be able to reread this thread in...

I think you’ll be able to reread this thread in 12 weeks and find your answer...
Showing results 1 to 35 of 279
 


 
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