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Originally Posted by rotorwings
(Post 10724193)
Virgin Atlantic has been providing innovate idea’s in the whole global airline industry since the start of VAA, from being the first to introduce In-Flight Entertainment to the first flat beds onboard. They are the David of the David vs Goliath story with BA. Without VAA always snapping at BA’s heels, BA would be an awful airline, they need that healthy competition to keep innovation and keep pushing to provide fantastic service for their customers. . https://www.wikizero.com/en/Pakistan...)#cite_note-93 "Pakistan International Airlines was the first international airline to introduce entertainment system showing a regularly scheduled film on board in the year 1962" |
Originally Posted by rotorwings
(Post 10724193)
Virgin Atlantic only has about 45 aircraft compared to BA’s 280 ish.. and they hardly make any profit, so for people to say that SRB is a tax con are deluded. If you were in his position, wouldn’t you move to the BVI’s if you constantly had nasty people and press constantly putting you down. They aren’t asking for a bail out but rather a loan, so again its not a burden on tax payers. What is preventing then getting finance from the markets is all they want is a loan?. They could get a commercial loan from the banks, issue bonds or even issue more shares. |
Originally Posted by rotorwings
(Post 10724193)
What a load of rubbish people write on here… it’s incredibly sad to see people wanting to see an iconic British airline fail because they heard or made up incorrect facts about SRB and Virgin, I’m guessing many of you are Daily Mail readers or believe D. Trump too much.
Virgin Atlantic has been providing innovate idea’s in the whole global airline industry since the start of VAA, from being the first to introduce In-Flight Entertainment to the first flat beds onboard. They are the David of the David vs Goliath story with BA. Without VAA always snapping at BA’s heels, BA would be an awful airline, they need that healthy competition to keep innovation and keep pushing to provide fantastic service for their customers. Virgin Atlantic only has about 45 aircraft compared to BA’s 280 ish.. and they hardly make any profit, so for people to say that SRB is a tax con are deluded. If you were in his position, wouldn’t you move to the BVI’s if you constantly had nasty people and press constantly putting you down. They aren’t asking for a bail out but rather a loan, so again its not a burden on tax payers. Have you thought about all the corporation tax his companies pay and that he has created jobs for over 71,000 people globally? It’s more than anyone on this forum can say. It’s such a cut throat industry and to make any profit is bloody hard especially when you're up against BA who has had everything handed to them on a plate by the government. I’m not against BA but you need people like SRB to break the mould and think outside the box and keep big corporations like BA in check and not runaway with the market share. Be a positive person and strive for success in British industries, not failure. Check your facts before you write rubbish please. As for tax fraud, he started out by claiming to export records, getting the paperwork stamped at Dover, and then driving them back to London to be sold avoiding the 33% levy that should have added to them. Yeh Branson done some interesting stuff but who do billionaires really benefit? |
Virgin
Cannot imagine any pension fund would have considered in investing in Virgin Atlantic as they have never made any real profit hence Corporation Tax would have been minimal.
Why did he try so hard to sell 49% of his company to the likes of SQ? The trouble with the bearded one and his empire he hides behind offshore places which makes one unable to verify what exactly goes on. |
Originally Posted by thegypsy
(Post 10727711)
The trouble with the bearded one and his empire he hides behind offshore places which makes one unable to verify what exactly goes on.
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Apparently they've asked for a bailout today according to Reuters news agency and some lady reporter on the BBC news the other night saying they've made no money in the last 4 years and need government cash to survive. Such tough times for the airlines I think there's going to be some more big casualties before this crisis is over.
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Is it likely that the Treasury would support an airline that is 49% owned by Delta, without pound for pound investment support from Delta as well?
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As Delta will probably get some form of assistance from Federal funds in the US, VS will likely argue that UK gov should bail them out too. Let the bearded one dip into his pockets deeper than the alleged afore mentioned £215m and also see if any banks might then lend some first. If the banks do not then unlucky.
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That argument would only hold if Delta provide additional investment to VA.
If Delta needs funding from US Treasury, it is unlikely they will additionally support VA, which would make it difficult for Sunak to be the sole source of support funding / guarantees.Aviation bosses have been lobbying the government for a targeted aid package to stop firms going under as a result of the slump in demand. But in a letter on Tuesday Rishi Sunak said the government would only step in as "a last resort". Mr Sunak instead urged airlines to try and raise money from shareholders. https://www.bbc.com/news/business-52027342 Hope the best for all. |
Let's hope something positive comes out of this proposal to Rothschild.
https://www.reuters.com/article/us-h...-idUSKBN21H1CW |
Ok esscee I'll bite...
If the banks do not then unlucky. |
Originally Posted by xray one
(Post 10733528)
Ok esscee I'll bite...
So 10,000 jobs down the drain...whilst BA becomes a monopoly and prices get higher. Guess you're happy if you work for BA or are you just a un-informed troll... I doubt there are many institutions with funds who would invest in any airline at the moment. VS would like to expand to South America but can’t because of the lack of slots at LHR. One of the main reasons why BA (of dirty tricks infamy) doesn't want the 3rd runway so as to protect their British long haul monopoly It has a modern fleet although badly affected by the RR Trent issues., introduced Premium Economy (w cl). Was one of the leaders of the team that introduced the industry standard for computerised Baggage Reconciliation following Lockerbie, SRB had the guts to try to compete against all the advice against a monolithic monster in BA. He employed good people Who built the airline and achieved more than many expected. Don’t write it off. The U.K. government is keen not to see good companies fail because of C19 |
Originally Posted by xray one
(Post 10733528)
Ok esscee I'll bite...
So 10,000 jobs down the drain...whilst BA becomes a monopoly and prices get higher. Guess you're happy if you work for BA or are you just a un-informed troll... |
Originally Posted by radiosutch
(Post 10735908)
It would look better if the Beardy One sold his tax free island and ploughed that in to Virgin. Then he could announce that henceforth he would move back to the UK permanently and become a UK taxpayer.
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Beardy already seems to have put a lot of cash in, which not many other cheif exec / shareholders seem to be doing. In fact the Orangy chief exec appears to have gone the otherway.
I'm not sure why he personally would feel like putting his own neck on the chopping board. If it survives his return is diminished, uncertain and recovery prolonged. If it goes then his pocket is either safe or emptied depending on what he does. Harsh, but I can see why he does not want to put more money in - especially when the government flipped on Connect... |
Originally Posted by Riskybis
(Post 10735994)
who will buy an island in the current world state
and airlines are sell now |
Beardy and his group loosing more dosh with Oneweb going to the wall ?
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Originally Posted by Blink182
(Post 10736045)
Beardy and his group loosing more dosh with Oneweb going to the wall ?
PFO! |
Blink182
Beardy and his group loosing more dosh with Oneweb going to the wall ? |
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