Virgin Atlantic
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The 250 million wasn't all for the airline, it was for the group. Branson & Delta will have to step in and save Virgin Atlantic, not the UK taxpayer. Don't see BA pleading for cash, as WW said recently, only the fittest will survive this.
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Anyway nobody in the aviation world wants to see Virgin go (apart from Willie)..
Last edited by RexBanner; 10th Apr 2020 at 00:28.
Controversial, moi?
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....and we won’t mention all the money they cost the taxpayer when they were the State Airline....
Why don't we discuss the American airlines and Chapter 11 protection used in the past 20 years if we are to discuss utter irrelevancies?

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This is my last attempt to explain this. Fixed costs are things like the purchase price of ships and buildings, which have to be financed.
A ship that costs a pound is a lower fixed cost than one that costs a million pounds.
Join Date: Jan 2012
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Gentlemen some help please. Do any of you have any info regarding Virgin passenger operations resuming after the 26 April? Reason for asking is we are stuck in NZ and have a flight booked back to the UK Air NZ to LAX and then Virgin back to the UK. If you have any info it would be very much appreciated as we are trying to avoid yet another cancellation and yet another flight credit for sometime in the future! Up to now that route with Air NZ and Virgin has been very successful.very many thanks
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Gentlemen some help please. Do any of you have any info regarding Virgin passenger operations resuming after the 26 April? Reason for asking is we are stuck in NZ and have a flight booked back to the UK Air NZ to LAX and then Virgin back to the UK. If you have any info it would be very much appreciated as we are trying to avoid yet another cancellation and yet another flight credit for sometime in the future! Up to now that route with Air NZ and Virgin has been very successful.very many thanks
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Flights ex LAX
That info is excellent thank you so much for taking the time to reply. From a lock down NZ kind regards and keep safe and well to all at Virgin Atlantic Blue skies to all
Join Date: Nov 1999
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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 unimpressed with its initial bid, Financial Times reported”
https://uk.reuters.com/article/us-he...-idUKKBN21Z3D9
“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 unimpressed with its initial bid, Financial Times reported”
https://uk.reuters.com/article/us-he...-idUKKBN21Z3D9
Join Date: May 2002
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Looks like the owners need to dig a bit deeper before the UK taxpayer will even entertain their request. There will be redundancies without a doubt which is horrible for the employees, but if measures aren't taken soon the pot of cash will dry up rapidly given the continuing lack of people travelling and Virgin Atlantic will be faced with administration. Come on Sir Richard Branson, get your cheque book out again and save your airline yourself, not with taxpayers money.
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I have no idea how any airline can survive this nightmare. The way the governments have scared the crap out of people I cannot see many wanting to get crammed through an airport and then sit on an aircraft for many hours.
For what it’s worth. I would happily get on one tomorrow but looking around the general population I just can’t see it and the authorities seem he’ll bent on preventing it.
The government’s have failed to balance the books with a booming economy, do they have the cash to give to the airlines?
For what it’s worth. I would happily get on one tomorrow but looking around the general population I just can’t see it and the authorities seem he’ll bent on preventing it.
The government’s have failed to balance the books with a booming economy, do they have the cash to give to the airlines?
Commiserations - I have many good pals at VAA - both CC and on the ground/Clubhouse LHR - gonna be tough times ahead - Some of these folk I know have been there almost since the start.
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The way the governments have scared the crap out of people
Is the government overreacting you think.
Last edited by Black Pudding; 19th Apr 2020 at 13:26.
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What about the other shareholder?
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Join Date: May 2002
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It will be interesting to see if Richard Branson is prepared to prop up Virgin Atlantic in the UK, their balance sheet must be getting worse by the day like most. I'd say RB is wondering how much of his own wealth he'll risk in propping up his ailing airline. Virgin Australia has gone into administration according to the press, the aviation world we were used to is changing rapidly.
https://www.independent.co.uk/travel...-a9473581.html
https://www.independent.co.uk/travel...-a9473581.html
The British billionaire, who owns 51% of Virgin Atlantic, says the airline is seeking a commercial loan backed by the UK government, and points to similar financing awarded to budget carrier EasyJet. “It wouldn’t be free money and the airline would pay it back (as EasyJet will do for the £600 million [$748 million] loan the government recently gave them),” writes Branson.
Branson points out in his blog that Virgin Group has “committed a quarter of a billion dollars to help our businesses and protect jobs”, and says it will “continue to invest” what it can. In an apparent rebuttal of criticism on social media levelled at wealthy individuals requesting taxpayer-funded bailouts, the Virgin founder adds: “I’ve seen lots of comments about my net worth – but that is calculated on the value of Virgin businesses around the world before this crisis, not sitting as cash in a bank account ready to withdraw.”