Virgin Atlantic Flights Update

[MacUK]

bbc/news/business-52354865

[TractorBoy]

Actually Phild is in theory correct. Richard Branson has sent a letter to all staff informing them that unless the Government give them a £500 million bailout sooner rather than later then yes they will go into administration.

By saying 'shortly' it covers any period of time, weeks, months.

Interesting times ahead. Wonder if BA have their fingers crossed!

[disneyfan14]

im just hoping VA get bail'ed out far too many jobs and peoples holidays are riding on VA surviving in some shape or form even if delta have to step in.

[Egon]

Originally Posted by MacUK

bbc/news/business-52354865

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ive read that before replying, but it doesn't state 'Due to fold shortly'

Now if he had said "in financial difficulty and pending a government bailout" thats fine. But trying to state folding is inevitable isnt the right way to do it.

[Egon]

Originally Posted by disneyfan14

im just hoping VA get bail'ed out far too many jobs and peoples holidays are riding on VA surviving in some shape or form even if delta have to step in.

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There is that, but then it pretty much gives BA the monopoly for UK carriers and prices to the US could shoot up.

[TractorBoy]

Originally Posted by disneyfan14

im just hoping VA get bail'ed out far too many jobs and peoples holidays are riding on VA surviving in some shape or form even if delta have to step in.

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Not sure Delta will step in. Doing the rounds on CNN and CBS is the story that the $5 million the US government gave Delta is being used to buy shares back.

[Kasalic]

Originally Posted by TractorBoy

Actually Phild is in theory correct. Richard Branson has sent a letter to all staff informing them that unless the Government give them a £500 million bailout sooner rather than later then yes they will go into administration.

By saying 'shortly' it covers any period of time, weeks, months.

Interesting times ahead. Wonder if BA have their fingers crossed!

See more...

Technically he is not correct, as Richard Branson has requested a £500 million commercial loan, and not a ‘bail out’.

And yes, I am worried about rebooking flights with them, but I would rather book and be able to claim if they go bust than apply for a refund and be stuck.

[tspill]

Originally Posted by itsmeGAV

I honestly don't feel your comment will help right now..

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Why wont it help. The financial state of Virgin Atlantic is relevant information to anyone thinking of booking with them.

[tspill]

Originally Posted by Egon

There is that, but then it pretty much gives BA the monopoly for UK carriers and prices to the US could shoot up.

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There are plenty of other airlines fly from the UK to the US.

[TractorBoy]

Originally Posted by tspill

There are plenty of other airlines fly from the UK to the US.

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Not direct. Norwegian are on dodgy ground apparently

Aer Lingus from Ireland. Tui?

Anyone else?