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Handwriting on wall for Virgin America? Handwriting on wall for Virgin America?
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Old 01-26-2009, 06:08 AM   #1 (permalink)
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Default Handwriting on wall for Virgin America?
While technically not a "major", I think Virgin America qualifies as an "LCC". Interesting article about investors wanting out of Virgin America here:

http://industry.bnet.com/travel/1000...irgin-america/

Tough time to be a pilot, and that's a fact.
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Old 01-26-2009, 06:37 AM   #2 (permalink)
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While technically not a "major", I think Virgin America qualifies as an "LCC". Interesting article about investors wanting out of Virgin America here:

Report: Investors Looking to Abandon Virgin America | BNET Travel Blog | BNET

Tough time to be a pilot, and that's a fact.
Tough time to be just about anyone right now.
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Old 01-26-2009, 06:38 AM   #3 (permalink)
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Yep...exactly why VA is vigorously fighting the order to publicly report their financials. It is a common misconception that Black Canyon and Cyrus Cap. are the US investors, but that is only partially true. The real US money comes from Joe and Mary six pack (thousands of them). Black Can. and Cyrus merely manage the funds and take a nice fee...it is not their money invested! Most of the individuals who have been steered by their brokers into these VA funds do not have easy access to the financials. If VA actually had to put out their profits/losses to the general public, many of the current investors would be bailing (sounds like they are trying even without the hard numbers) and new investors would be extremely difficult to come by. Interesting to see how they navigate this.
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Old 01-26-2009, 05:27 PM   #4 (permalink)
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The real US money comes from Joe and Mary six pack...
Aren't they friends of Joe the Plumber?
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Old 01-27-2009, 07:56 AM   #5 (permalink)
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While technically not a "major", I think Virgin America qualifies as an "LCC". Interesting article about investors wanting out of Virgin America here:

Report: Investors Looking to Abandon Virgin America | BNET Travel Blog | BNET

Tough time to be a pilot, and that's a fact.
That's ok - they can go to the UAL/Aer Lingus deal starting up in 2010 and claim that they are just feeding their family.
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Old 01-27-2009, 04:46 PM   #6 (permalink)
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That's ok - they can go to the UAL/Aer Lingus deal starting up in 2010 and claim that they are just feeding their family.
So true! In some ways we are our own worst enemies.
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Old 01-28-2009, 04:45 AM   #7 (permalink)
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So true! In some ways we are our own worst enemies.
most of the time we are our own worst enemies...
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Old 01-28-2009, 08:38 AM   #8 (permalink)
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Every time a crap airline goes out of business an angel gets its wings.
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Old 01-29-2009, 09:50 AM   #9 (permalink)
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It is a common misconception that Black Canyon and Cyrus Cap. are the US investors, but that is only partially true. The real US money comes from Joe and Mary six pack (thousands of them). Black Can. and Cyrus merely manage the funds and take a nice fee...i
Aren't these hedge funds, not commonly available to Joe and Mary Six Pack, but more likely Billy Bigbucks
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Old 01-29-2009, 01:45 PM   #10 (permalink)
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Every time a crap airline goes out of business an angel gets its wings.
Haha that is fantastic!!
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