Virgin Blue has revealed how it will fund its survive and expand strategy for the recession and the expected recovery, and a search for a successor to Brett Godfrey, who has decided to leave the airline he founded in 2010, its tenth anniversary year.
The unaudited figures and operating statistics for the year to 30 June [...]
Tag Archives: Richard Branson
Virgin Blue announces $231m equity raising, a higher equity for Richard Branson and Brett Godfrey’s decision to leave the company by the end of 2010
July 27, 2009 – 10:14 am
Branson calls on UK goverment to let British Airways go broke
June 22, 2009 – 7:34 am
Richard Branson’s call on Sunday for HMG to let British Airways go broke rather than prop it up with bail out money is fiercely controversial.
It is exactly how Branson wants it to be in the circumstances when British Airways is trying yet again to stich up the North Atlantic market with another airline that looks [...]
BA work-for-free-plea points to a second great escape for Qantas
June 17, 2009 – 11:03 am
How lucky can Qantas be, or alternatively, how poorly advised has it been in recent times?
First it escaped from the Airline Partners Australia private equity bid that was a dead set disaster from the start only through one of the buyers missing a deadline, and now its infatuation with a merger with British Airways late [...]
Branson talks about how Virgin Atlantic could go broke
May 15, 2009 – 12:06 pm
Richard Branson said overnight that he couldn’t guarantee the survival of Virgin Atlantic, which is 51% owned by his family company, if a revenue sharing and price fixing alliance was allowed between American Airlines and British Airways.
Branson has made similar warnings for the many years, even before the oneworld alliance came along in 1998 and [...]
V Australia, Brer Rabbit and the Briar Patch
February 26, 2009 – 8:31 pm
Virgin Blue might be playing Brer Rabbit pleading not to be flung into the Briar Patch over the misfortunes of its V Australia subsidiary.
The generally negative coverage given to V Australia’s ‘ruinously costly’ tilt at the Qantas dominated routes between Australia and the US doesn’t quit fit into the hole dug for it by the [...]
Branson’s unguarded moment concerning United Airlines
February 7, 2009 – 11:47 am
Richard Branson’s comments prior to the delivery of V Australia’s first Boeing 777-300ER would find strong support among many, many travellers but must have caused a bit of pain at Virgin Blue.
A report in the Sydney Morning Herald says:-
Sir Richard, the largest shareholder in Australia’s second-largest airline Virgin Blue, took a broad swipe today at [...]
Lufthansa & the Virgins, will they make love or war?
October 30, 2008 – 12:27 pm
An intensely interesting situation has arisen in Europe after Lufthansa assumed outright control of UK carrier bmi after chairman Sir Michael Bishop exercised a £318 million option to sell them his stake, lifting the German carrier’s equity to 80%.
Sir Richard Branson, who shares Virgin Atlantic 51:49 with the less than thrilled owners of Singapore Airlines, [...]
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