Loans to Virgin Atlantic?

Subscribe
Search this Thread
  #1  
Precontact , 03-16-2021 09:26 PM
Gets Weekends Off
Precontact
Gets Weekends Off
close
  • Joined APC
    May 2006
  • Posts:
    983
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.”
Reply
  #2  
Fr8Thrust's Avatar
Fr8Thrust , 03-16-2021 11:14 PM
Gets Weekends Off
Fr8Thrust
Gets Weekends Off
close
  • Joined APC
    Jul 2017
  • Posts:
    469
Taxpayer money going overseas? Looks like the ‘loan’ is just deferred collection of funds owed by VA. Would this be possible w/o CARES $?
Reply
  #3  
20Fathoms's Avatar
20Fathoms , 03-16-2021 11:19 PM
Gets Weekends Off
20Fathoms
Gets Weekends Off
close
  • Joined APC
    Mar 2019
  • Posts:
    932
But we did so awesome investing in foreign airlines last time. Gotta keep it up. #Winning
Reply
  #4  
Bucking Bar's Avatar
Bucking Bar , 03-18-2021 02:08 PM
Can't abide NAI
Bucking Bar
Can't abide NAI
close
  • Joined APC
    Jun 2007
  • Position
    Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler
  • Posts:
    11,989
Quote:
Originally Posted by Fr8Thrust
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
Reply