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Virgin Atlantic Files for Chapter 15
Posted: Tue Aug 04, 2020 11:01 pm
by Thor
Branson has filed for chapter 15 bankruptcy in the USA. I have copied a link below if anyone is interested in what chapter 15 is. Seems like he’s trying to force the hand of governments and or investors to ratify the prior agreed plan to inject sufficient liquidity back in to the business whilst keeping 51% control of the business.
https://www.uscourts.gov/services-forms ... tcy-basics
Re: Virgin Atlantic Files for Chapter 15
Posted: Wed Aug 05, 2020 6:47 am
by Disoriented
Thor wrote: ↑Tue Aug 04, 2020 11:01 pm
Branson has filed for chapter 15 bankruptcy in the USA. I have copied a link below if anyone is interested in what chapter 15 is. Seems like he’s trying to force the hand of governments and or investors to ratify the prior agreed plan to inject sufficient liquidity back in to the business whilst keeping 51% control of the business.
https://www.uscourts.gov/services-forms ... tcy-basics
When is your bid going in?
Re: Virgin Atlantic Files for Chapter 15
Posted: Wed Aug 05, 2020 6:58 am
by Orient Punxx
Got my flight money back last week - after 120 days.
Can’t see the business travel market ever recovering. Who is going to fly trans Atlantic to shake a hand in the future!
Re: Virgin Atlantic Files for Chapter 15
Posted: Wed Aug 05, 2020 7:31 am
by Ronnie Hotdogs
Hope Branson is ok.
Re: Virgin Atlantic Files for Chapter 15
Posted: Wed Aug 05, 2020 7:43 am
by Orient Punxx
Re: Virgin Atlantic Files for Chapter 15
Posted: Wed Aug 05, 2020 4:43 pm
by Thor
Disoriented wrote: ↑Wed Aug 05, 2020 6:47 am
Thor wrote: ↑Tue Aug 04, 2020 11:01 pm
Branson has filed for chapter 15 bankruptcy in the USA. I have copied a link below if anyone is interested in what chapter 15 is. Seems like he’s trying to force the hand of governments and or investors to ratify the prior agreed plan to inject sufficient liquidity back in to the business whilst keeping 51% control of the business.
https://www.uscourts.gov/services-forms ... tcy-basics
When is your bid going in?
There was and will be massive money in it. Someone I know leased planes and he told me of one deal where the company were paying $550k per month and after 200 hours the fee increased by x amount (but was crazy) which I don’t recall. They were flying out of Angola to wherever. He said it was very lucrative.
You don’t get to be a billionaire many times over without a lot of income going through your business which is profitable.
Re: Virgin Atlantic Files for Chapter 15
Posted: Wed Aug 05, 2020 5:55 pm
by tuffers#1
Thor wrote: ↑Wed Aug 05, 2020 4:43 pm
Disoriented wrote: ↑Wed Aug 05, 2020 6:47 am
Thor wrote: ↑Tue Aug 04, 2020 11:01 pm
Branson has filed for chapter 15 bankruptcy in the USA. I have copied a link below if anyone is interested in what chapter 15 is. Seems like he’s trying to force the hand of governments and or investors to ratify the prior agreed plan to inject sufficient liquidity back in to the business whilst keeping 51% control of the business.
https://www.uscourts.gov/services-forms ... tcy-basics
When is your bid going in?
There was and will be massive money in it. Someone I know leased planes and he told me of one deal where the company were paying $550k per month and after 200 hours the fee increased by x amount (but was crazy) which I don’t recall. They were flying out of Angola to wherever. He said it was very lucrative.
You don’t get to be a billionaire many times over without a lot of income going through your business which is profitable.
As money is just an illusion can you not just make it appear out of nothing ?
I think it has something to do with reserve fractional banking .
So i read somewhere
Re: Virgin Atlantic Files for Chapter 15
Posted: Thu Aug 06, 2020 10:51 am
by ComeOnYouOs
I have always found Branson a particularly horrible person.
In a list of horrible people, he would definitely be in my top ten along with the equally horrible Tim Martin ( Wetherspoons ), Philip Green, & James Dyson.
Re: Virgin Atlantic Files for Chapter 15
Posted: Thu Aug 06, 2020 11:02 am
by Real Al
Started his career as a bootlegger, ripping off bands. He's not looked back since.
Re: Virgin Atlantic Files for Chapter 15
Posted: Thu Aug 06, 2020 7:32 pm
by Thor
Didn't he start his business from a phone box with a million pound loan from his dad? Which is substantially more than that today and if you could not make money with that sort of start you might as well give up as a failure.
Re: Virgin Atlantic Files for Chapter 15
Posted: Thu Aug 06, 2020 8:01 pm
by Disoriented
ComeOnYouOs wrote: ↑Thu Aug 06, 2020 10:51 am
I have always found Branson a particularly horrible person.
In a list of horrible people, he would definitely be in my top ten along with the equally horrible Tim Martin ( Wetherspoons ), Philip Green, & James Dyson.
You forgot Cummings.
Re: Virgin Atlantic Files for Chapter 15
Posted: Thu Aug 06, 2020 8:25 pm
by ComeOnYouOs
Disoriented wrote: ↑Thu Aug 06, 2020 8:01 pm
ComeOnYouOs wrote: ↑Thu Aug 06, 2020 10:51 am
I have always found Branson a particularly horrible person.
In a list of horrible people, he would definitely be in my top ten along with the equally horrible Tim Martin ( Wetherspoons ), Philip Green, & James Dyson.
You forgot Cummings.
[/quote
Nah, I didnt forget him....he isnt head of a large corporation......he just runs the country
