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-   -   Loans to Virgin Atlantic? (https://www.airlinepilotforums.com/delta/133379-loans-virgin-atlantic.html)

Precontact 03-16-2021 09:26 PM
Loans to Virgin Atlantic?
 
https://www.bbc.com/news/business-56392570
“In another development, rival airline Virgin Atlantic has said it is close to finalising a £160m financing package to tide it over until travel restrictions are lifted.

The money is coming from loans made by existing shareholders, including the Virgin Group and US airline Delta.”

Fr8Thrust 03-16-2021 11:14 PM
Taxpayer money going overseas? Looks like the ‘loan’ is just deferred collection of funds owed by VA. Would this be possible w/o CARES $?

20Fathoms 03-16-2021 11:19 PM
But we did so awesome investing in foreign airlines last time. Gotta keep it up. #Winning

Bucking Bar 03-18-2021 02:08 PM
Originally Posted by Fr8Thrust (Post 3208040)
Taxpayer money going overseas? Looks like the ‘loan’ is just deferred collection of funds owed by VA. Would this be possible w/o CARES $?
We should write scope language ... we pay for it, we fly it.

Folks are beginning to notice ... American workers are not really the beneficiaries of what is going on.

https://youtu.be/0H8AshEYrKw?t=110


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