Handwriting on wall for Virgin America?
While technically not a "major", I think Virgin America qualifies as an "LCC". Interesting article about investors wanting out of Virgin America here:
http://industry.bnet.com/travel/1000...irgin-america/ Tough time to be a pilot, and that's a fact. |
Originally Posted by deltabound
(Post 545371)
While technically not a "major", I think Virgin America qualifies as an "LCC". Interesting article about investors wanting out of Virgin America here:
Report: Investors Looking to Abandon Virgin America | BNET Travel Blog | BNET Tough time to be a pilot, and that's a fact. |
Yep...exactly why VA is vigorously fighting the order to publicly report their financials. It is a common misconception that Black Canyon and Cyrus Cap. are the US investors, but that is only partially true. The real US money comes from Joe and Mary six pack (thousands of them). Black Can. and Cyrus merely manage the funds and take a nice fee...it is not their money invested! Most of the individuals who have been steered by their brokers into these VA funds do not have easy access to the financials. If VA actually had to put out their profits/losses to the general public, many of the current investors would be bailing (sounds like they are trying even without the hard numbers) and new investors would be extremely difficult to come by. Interesting to see how they navigate this.
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Originally Posted by ITSALLGOOD
(Post 545387)
The real US money comes from Joe and Mary six pack...
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Originally Posted by deltabound
(Post 545371)
While technically not a "major", I think Virgin America qualifies as an "LCC". Interesting article about investors wanting out of Virgin America here:
Report: Investors Looking to Abandon Virgin America | BNET Travel Blog | BNET Tough time to be a pilot, and that's a fact. |
Originally Posted by Shrek
(Post 546308)
That's ok - they can go to the UAL/Aer Lingus deal starting up in 2010 and claim that they are just feeding their family. :mad:
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Originally Posted by Dicecal
(Post 546755)
So true! In some ways we are our own worst enemies.
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Every time a crap airline goes out of business an angel gets its wings.
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Originally Posted by ITSALLGOOD
(Post 545387)
It is a common misconception that Black Canyon and Cyrus Cap. are the US investors, but that is only partially true. The real US money comes from Joe and Mary six pack (thousands of them). Black Can. and Cyrus merely manage the funds and take a nice fee...i
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Originally Posted by capncrunch
(Post 547192)
Every time a crap airline goes out of business an angel gets its wings.
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