Quote:
Originally Posted by aviators99
Black Rock Capital can't pull funding unless Virgin finds a replacement (US) investor. It's in the shareholder agreement.
Alaska knows that now.
WRONG!!!!! BR has option puts as part of the original deal. They can execute at anytime!!!!! It does not require approval...if it did then that would lead to Branson calling the shots.
Just to keep with the facts:
Virgin America Defends Ownership | AVIATION WEEK
But in the Feb. 20 response filed with the DOT, Virgin America reiterated what executives of Virgin USA and Virgin Management told The DAILY in a face-to-face meeting Feb. 18: There is no threat that the airline will lose the U.S. ownership and control it is required to maintain under U.S. law, and that it has been privately keeping the DOT up-to-date on its financing. In part, that’s because the investors’ original deal with the airline essentially forbids them from cashing in their stakes until the Virgin Group finds U.S.-based replacement investors, they said (DAILY, Feb. 19).