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23rd Oct 2020, 18:57
Replies: 605
Views: 553,512
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 Sep 2020, 11:30
Replies: 605
Views: 553,512
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: 553,512
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: 553,512
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: 553,512
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: 553,512
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: 553,512
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: 553,512
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: 553,512
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: 553,512
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: 553,512
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: 553,512
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: 553,512
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: 553,512
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: 553,512
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...
4th Apr 2020, 11:05
Replies: 605
Views: 553,512
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..
Showing results 1 to 16 of 16


 
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