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Old 07-14-2020 | 08:35 AM
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Tailhookah
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From: Widget Jet
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Originally Posted by crzepilot
Coronavirus: Virgin Atlantic finalises £1.2bn rescue deal https://www.bbc.co.uk/news/business-53406604


...Defers $millions of pounds owed to DAL...

The JV’s are still intact. We’ve lost, for the time, the equity investments but the agreements stand. So all the connections and landing rights/agreements are still in force. That’s important. The LATAM JV in particular is very important to our long term strategy and will be very important to our future. As the world recovers the JV’s will continue to pay off and be very strategic alliances for us. We need to use these times to bolster our protective language for when that recovery begins we, as pilots, can reap what they sow and hopefully bolster our protections for our jobs via SCOPE... we’ve not been too good on that, I’m sure we can all agree.
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