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Correct. Cynical move by Branson, but it was always about acquiring Flybe's slots, particularly at Heathrow. Watch out for Virgin Connect rolling out soon to occupy the profitable routes and having dodged all the debt to Flybe's suppliers.Max B Gold wrote: ↑Thu Mar 05, 2020 12:26 pm Nothing to do with Coronavirus.
It was down to unmanageable levels of debt and lack of funding from the greedy speculative owners who bought it recently for £2.8m and then expected the taxpayer to fund it. Socialism for the rich.
I just cannot understand why the Taxpayers Alliance weren't all over this and opposing it. I suppose they just never noticed it.LittleMate wrote: ↑Thu Mar 05, 2020 12:47 pm I'm glad the government did not invest our money in this. Virgin were definitely opportunistic when investing in Flybe.
I can't stand Branson. He tries to appear as a benign easy going man of the people but in reality he's a cynical hard-bitten businessman, IMO. I still recall when he sued the NHS and got a large payout from them when he failed to win an NHS sell-off contract. I expect that money could have been spent rather better within the NHS.Dunners wrote: ↑Thu Mar 05, 2020 12:30 pmCorrect. Cynical move by Branson, but it was always about acquiring Flybe's slots, particularly at Heathrow. Watch out for Virgin Connect rolling out soon to occupy the profitable routes and having dodged all the debt to Flybe's suppliers.Max B Gold wrote: ↑Thu Mar 05, 2020 12:26 pm Nothing to do with Coronavirus.
It was down to unmanageable levels of debt and lack of funding from the greedy speculative owners who bought it recently for £2.8m and then expected the taxpayer to fund it. Socialism for the rich.
Always enjoy your injections of common sense and hard facts - thanks - but I still can't stand Bransonslacker wrote: ↑Thu Mar 05, 2020 7:33 pm Think Delta have the biggest stake in Virgin Atlantic these days, followed by KLM/Air France. Branson only has about a 20% stake these days. But as has been noted, be interesting to see what Flybe airports/routes get rebranded - airports like Exeter & Soton will be dead if none are.
They clearly acted improperly, hence the settlement.BoniO wrote: ↑Thu Mar 05, 2020 7:24 pmI can't stand Branson. He tries to appear as a benign easy going man of the people but in reality he's a cynical hard-bitten businessman, IMO. I still recall when he sued the NHS and got a large payout from them when he failed to win an NHS sell-off contract. I expect that money could have been spent rather better within the NHS.Dunners wrote: ↑Thu Mar 05, 2020 12:30 pmCorrect. Cynical move by Branson, but it was always about acquiring Flybe's slots, particularly at Heathrow. Watch out for Virgin Connect rolling out soon to occupy the profitable routes and having dodged all the debt to Flybe's suppliers.Max B Gold wrote: ↑Thu Mar 05, 2020 12:26 pm Nothing to do with Coronavirus.
It was down to unmanageable levels of debt and lack of funding from the greedy speculative owners who bought it recently for £2.8m and then expected the taxpayer to fund it. Socialism for the rich.
And you called me a trollDisoriented wrote: ↑Thu Mar 05, 2020 8:32 pmThey clearly acted improperly, hence the settlement.BoniO wrote: ↑Thu Mar 05, 2020 7:24 pmI can't stand Branson. He tries to appear as a benign easy going man of the people but in reality he's a cynical hard-bitten businessman, IMO. I still recall when he sued the NHS and got a large payout from them when he failed to win an NHS sell-off contract. I expect that money could have been spent rather better within the NHS.
Seems like you have a problem with him for another agenda, which is clearly irrational, unless you have had personal dealings with him.
Failing that, you just hate virgins.
Touche.BoniO wrote: ↑Thu Mar 05, 2020 9:00 pmAnd you called me a trollDisoriented wrote: ↑Thu Mar 05, 2020 8:32 pmThey clearly acted improperly, hence the settlement.BoniO wrote: ↑Thu Mar 05, 2020 7:24 pm
I can't stand Branson. He tries to appear as a benign easy going man of the people but in reality he's a cynical hard-bitten businessman, IMO. I still recall when he sued the NHS and got a large payout from them when he failed to win an NHS sell-off contract. I expect that money could have been spent rather better within the NHS.
Seems like you have a problem with him for another agenda, which is clearly irrational, unless you have had personal dealings with him.
Failing that, you just hate virgins.
