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Forum: Spectators Balcony (Spotters Corner)

5th Aug 2020, 06:42

Replies: 605

Virgin Atlantic

Views: 553,512

Posted By Andy D

Yeh, but perhaps Virgin's PR team should have...

Yeh, but perhaps Virgin's PR team should have been ahead of the game and explained it better

There's a useful summary here...

Forum: Spectators Balcony (Spotters Corner)

13th May 2020, 09:19

Replies: 605

Virgin Atlantic

Views: 553,512

Posted By Andy D

He only got $400m of that, which is a fair chunk...

He only got $400m of that, which is a fair chunk of money in normal times, not so sure about now!

"Virgin Investments owns 80.7 per cent of Vieco 10, the vehicle selling the stake, with the...

Forum: Spectators Balcony (Spotters Corner)

10th May 2020, 09:20

Replies: 605

Virgin Atlantic

Views: 553,512

Posted By Andy D

That airlines are going bust in the Government's...

That airlines are going bust in the Government's fault is a popular narrative around these parts.

But the reality is there's a collapse in demand, even if airlines could fly normally, passengers...

Forum: Spectators Balcony (Spotters Corner)

27th Apr 2020, 08:49

Replies: 605

Virgin Atlantic

Views: 553,512

Posted By Andy D

Interestingly, the initial stage of licensing...

Interestingly, the initial stage of licensing seems to be run through a UK company – VAL TM Limited – and in the five financial years 2014–18 it received £61m in royalty payments from Virgin Atlantic...

Forum: Spectators Balcony (Spotters Corner)

26th Apr 2020, 09:49

Replies: 605

Virgin Atlantic

Views: 553,512

Posted By Andy D

Here’s a non-paywalled version if anyone needs it...

Here’s a non-paywalled version if anyone needs it

Branson races to find Virgin Atlantic buyer (http://archive.is/5rI1Z)

Forum: Spectators Balcony (Spotters Corner)

24th Apr 2020, 20:43

Replies: 605

Virgin Atlantic

Views: 553,512

Posted By Andy D

EasyJet spent £157m in 2019 on a turnover of...

EasyJet spent £157m in 2019 on a turnover of £6bn, and in 2018 BA spent £509m in 2018 on £13bn turnover.

So Virgin's £500m against a £2bn (ish) turnover looks high in comparison

Forum: Spectators Balcony (Spotters Corner)

22nd Apr 2020, 10:18

Replies: 605

Virgin Atlantic

Views: 553,512

Posted By Andy D

Not sure it's as straightforward as that… ...

Not sure it's as straightforward as that…

Given the timescales being suggested for air travel to recover it seems a proportion of that PAYE / NI (less staff needed), and APD (less passengers...

Forum: Spectators Balcony (Spotters Corner)

21st Apr 2020, 14:59

Replies: 605

Virgin Atlantic

Views: 553,512

Posted By Andy D

Can't see the chart without paying for it but...

Can't see the chart without paying for it but looks like it covers 2007-2014 so it misses some years of profitability and some years of losses

Forum: Spectators Balcony (Spotters Corner)

20th Apr 2020, 15:31

Replies: 605

Virgin Atlantic

Views: 553,512

Posted By Andy D

Virgin uses at least one of the techniques that...

Virgin uses at least one of the techniques that Apple, Amazon, Google et al use to avoid tax

Virgin brand is licensed by the Caribbean holding company to the various companies around the world,...

Forum: Spectators Balcony (Spotters Corner)

25th Mar 2020, 12:12

Replies: 605

Virgin Atlantic

Views: 553,512

Posted By Andy D

AFAIK BA and AF were first to introduce lie flat...

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...

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