Handwriting on wall for Virgin America?
#1
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Joined APC: Feb 2008
Position: The Beginnings
Posts: 1,317
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.
http://industry.bnet.com/travel/1000...irgin-america/
Tough time to be a pilot, and that's a fact.
#2
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.
Report: Investors Looking to Abandon Virgin America | BNET Travel Blog | BNET
Tough time to be a pilot, and that's a fact.
#3
Gets Weekends Off
Joined APC: Feb 2007
Position: Just happy to be here Boss!
Posts: 200
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.
#5
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.
Report: Investors Looking to Abandon Virgin America | BNET Travel Blog | BNET
Tough time to be a pilot, and that's a fact.
#9
Aren't these hedge funds, not commonly available to Joe and Mary Six Pack, but more likely Billy Bigbucks
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