Apologies Zero/Zero, you are right.
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most of the activity of the VS fleet at present is confined what appears to be just cargo only flights to JFK/LAX etc. LAX just got converted to A35X operation which was on the cards anyway, Its mooted they will be actively involved in the next tranche of repatriation charters for the UK GVT.
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Some friends of mine are returning from CPT later this week on VS
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Originally Posted by zero/zero
(Post 10741916)
No, Virgin Group owns 51% of Virgin Atlantic. RB does not fully own the Group... if he did he'd be worth a lot more than the £4bn quoted in the papers
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Originally Posted by BRISTOLRE
(Post 10742476)
most of the activity of the VS fleet at present is confined what appears to be just cargo only flights to JFK/LAX etc. LAX just got converted to A35X operation which was on the cards anyway, Its mooted they will be actively involved in the next tranche of repatriation charters for the UK GVT.
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Originally Posted by Riskybis
(Post 10742662)
just been chartered to do flights to DEL,BOM,JNB and CPT for repatriation
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Just a minor correction chaps. Virgin Atlantic is not owned by Virgin Group. The CEO of Virgin Group Ltd is Peter Norris. He was in charge of the Southeast Asia division at Barings Bank when Nick Leeson took them down for over £800m.
Virgin Atlantic is owned 51% by Virgin Investments Ltd and 49% by Delta Airlines Inc. Richard Branson is listed as a Person of Significant Control, which means no person or company has recently purchased over 25% of the ordinary shares. https://cimg9.ibsrv.net/gimg/pprune....ba5e31ce1.jpeg |
What do those who don't want VS to get funds say about P and O Ferries wanting £500 million. A big percentage of our food comes via cross channel ferries so that would be affected if P and O failed.
However it is owned by Dubai Ports so let's forget about em eh? |
Originally Posted by farefield
(Post 10743586)
What do those who don't want VS to get funds say about P and O Ferries wanting £500 million. A big percentage of our food comes via cross channel ferries so that would be affected if P and O failed.
However it is owned by Dubai Ports so let's forget about em eh? |
VS may well be popular, however SRB would be equally so as long as he dips his hand into his own pocket first before going cap in hand to HM Gov!
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Originally Posted by esscee
(Post 10743666)
VS may well be popular, however SRB would be equally so as long as he dips his hand into his own pocket first before going cap in hand to HM Gov!
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Originally Posted by farefield
(Post 10743586)
What do those who don't want VS to get funds say about P and O Ferries wanting £500 million. A big percentage of our food comes via cross channel ferries so that would be affected if P and O failed.
Same goes for Virgin. |
Originally Posted by cashash
(Post 10743809)
If P&O collapse and that will cause issues with the distribution of food then the assets should be nationalised as a strategic industry for the UK. The UK taxpayer should certainly not be bailing out foreign companies like Dubai World.
Same goes for Virgin. |
Originally Posted by marchino61
(Post 10744313)
A collapse of P&O would have little effect. Someone would buy them out of administration for peanuts and carry on as before.
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Originally Posted by giggitygiggity
(Post 10744322)
But surely a long period of shutdown before they get going again? That would be far from ideal right now.
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'"why shut down? If the business is viable, the administrators will usually sell as a going concern."
Because at the moment it it a loss making concern. P and O say that freight alone will not be sustainable. |
Originally Posted by farefield
(Post 10744504)
'"why shut down? If the business is viable, the administrators will usually sell as a going concern."
Because at the moment it it a loss making concern. P and O say that freight alone will not be sustainable. |
Originally Posted by marchino61
(Post 10744639)
It won't be loss making if you buy it for a pound.
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Originally Posted by cats_five
(Post 10744670)
Gosh will that stop cost of running it being more than it's income?
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Originally Posted by marchino61
(Post 10744692)
Yes. Have you ever heard of things like fixed costs, and financing costs? Variable costs are just a part of the equation.
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