Guess that JV strategy may fail
07-14-2020 | 08:26 AM
#1
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Pacifist
Joined: Aug 2011
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Guess that JV strategy may fail
Coronavirus: Virgin Atlantic finalises £1.2bn rescue deal https://www.bbc.co.uk/news/business-53406604
...Defers $millions of pounds owed to DAL...
...Defers $millions of pounds owed to DAL...
07-14-2020 | 08:35 AM
#2
Line Holder
Joined: Apr 2014
Posts: 794
Likes: 2
From: Widget Jet
Coronavirus: Virgin Atlantic finalises £1.2bn rescue deal https://www.bbc.co.uk/news/business-53406604
...Defers $millions of pounds owed to DAL...
...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.
07-14-2020 | 12:39 PM
#3
Banned
Joined: Feb 2020
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From: Gummed
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.
07-15-2020 | 07:38 AM
#5
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Joined: Feb 2008
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From: The Beginnings
Coronavirus: Virgin Atlantic finalises £1.2bn rescue deal https://www.bbc.co.uk/news/business-53406604
...Defers $millions of pounds owed to DAL...
...Defers $millions of pounds owed to DAL...
Read that Richard Branson is ponying up $200 million of his own scratch to help keep Virgin alive after they couldn’t get a government bailout.
No idea what percentage of his total net worth that is, so it’s kind of relative. Still, what is it about airlines that investors get all emotional about as investments. Even Warren B has gone down that path before.
07-15-2020 | 09:39 AM
#7
Gets Weekends Off
Joined: Mar 2016
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From: Here and there
Read that Richard Branson is ponying up $200 million of his own scratch to help keep Virgin alive after they couldn’t get a government bailout.
No idea what percentage of his total net worth that is, so it’s kind of relative. Still, what is it about airlines that investors get all emotional about as investments. Even Warren B has gone down that path before.
No idea what percentage of his total net worth that is, so it’s kind of relative. Still, what is it about airlines that investors get all emotional about as investments. Even Warren B has gone down that path before.
Didn’t he offer up his main Caribbean party island crib as collateral?
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