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Loans to Virgin Atlantic?

Old 03-16-2021, 09:26 PM
  #1  
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Default 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.”
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Old 03-16-2021, 11:14 PM
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Taxpayer money going overseas? Looks like the ‘loan’ is just deferred collection of funds owed by VA. Would this be possible w/o CARES $?

Last edited by Fr8Thrust; 03-16-2021 at 11:35 PM.
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Old 03-16-2021, 11:19 PM
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But we did so awesome investing in foreign airlines last time. Gotta keep it up. #Winning
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Old 03-18-2021, 02:08 PM
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Originally Posted by Fr8Thrust View Post
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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