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Virgin Group To Launch Virgin America  
User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13737 posts, RR: 19
Posted (11 years 3 months 3 weeks 1 day 14 hours ago) and read 3524 times:

Virgin Group is apparently to launch Virgin America (formely known to us and insiders as Virgin Red).

More soon...


Anyone can fly, only the best Soar.
16 replies: All unread, jump to last
 
User currently offlineUN_B732 From United States of America, joined Jul 2001, 4289 posts, RR: 4
Reply 1, posted (11 years 3 months 3 weeks 1 day 14 hours ago) and read 3518 times:

ANOTHER Startup! Geez. At least this one has C A P I T A L.
-Transaero Boeing 737-200



What now?
User currently offlineExusair From United States of America, joined Sep 2000, 684 posts, RR: 0
Reply 2, posted (11 years 3 months 3 weeks 1 day 14 hours ago) and read 3503 times:

I thought that there was a statute on foreign ownership of domestic U.S. carriers that limited it to about 40% of proprietorship.

How does Virgin intend to circumvent this law?


User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13737 posts, RR: 19
Reply 3, posted (11 years 3 months 3 weeks 1 day 14 hours ago) and read 3502 times:

Just while I trace the article, try trying

http://www.virginamerica.com



Anyone can fly, only the best Soar.
User currently offlineTeahan From Germany, joined Nov 1999, 5293 posts, RR: 61
Reply 4, posted (11 years 3 months 3 weeks 1 day 14 hours ago) and read 3484 times:

Well this has been talked about for months (years?) so I'll believe it when it is officially announced.

Jeremiah



Goodbye SR-LX MD-11 / 6th of March 1991 to the 31st of October 2004
User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13737 posts, RR: 19
Reply 5, posted (11 years 3 months 3 weeks 1 day 14 hours ago) and read 3475 times:

Can't find the source article but it's very very summarised here:

"The newspaper reports that Virgin is in discussions with US-based investors and has decided to launch a new venture rather than buy into a struggling existing airline with a high cost base"

This Is London .com



Anyone can fly, only the best Soar.
User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13737 posts, RR: 19
Reply 6, posted (11 years 3 months 3 weeks 1 day 13 hours ago) and read 3420 times:

Stupid link above. That article told me the wrong paper. FOR SHAME.

Anyway...

----
Virgin Group is to launch a low cost airline in the U.S.A. initially named Virgin America with a bunch of U.S. investors. They decided to launch a new airline rather than buy into an existing airline with high costs.

Under U.S. law, Virgin Group must be a minority shareholder and if it owns 50%, it can only have 25% of voting rights. "We started the process at the beginning of the year and we are talking to institutional investors. There is a lot of interest."

Estimates from the Group are that it will cost US$15 000 000 to launch the airline with 6 - 8 planes. "We will grow it organically for two to three years then take it to the market," he added.

More information at the Daily Telegraph website

Information was gathered from the above hyperlinked webpage. Full information can be viewed by clicking the above hyperlinked webpage. nformation was rephrased and not copied and pasted unlike others with the exception of quotes.



Anyone can fly, only the best Soar.
User currently offlineBmi330 From United Kingdom, joined Nov 2001, 1450 posts, RR: 1
Reply 7, posted (11 years 3 months 3 weeks 1 day 12 hours ago) and read 3240 times:

Take it the plan will be wait to one a the U.S. majors goes belly up and plug part of the hole left. Also dose Branson maybe no something that everyone else doesn't about USA-UK open skies ? Can't see Branson let someone else control his business interests.

User currently onlineSTT757 From United States of America, joined Mar 2000, 16793 posts, RR: 51
Reply 8, posted (11 years 3 months 3 weeks 1 day 11 hours ago) and read 3201 times:

I think the US could allow 100% ownership rights for foreign investors to a US airline if certain restrictions are put in place.

They could allow an investor like Sir Richard Branson 100% ownership of a US airline provided that the airline...

1.) Provides only domestic service.

2.) Does not operate out of slot restricted Domestic Airports such as LGA, DCA, ORD.

3.) Provides some form of vital air service for under served areas of the US.

4.) I know the EU would have a hissy fit, but some sort of "Gentleman's" agreement to buy only Boeing would be a nice gesture.

5.) Guarantees job security and extended health benefits for airline employees who serve in the Reserves or National Guard, provide them with health insurance and guranteed job protection should they be called up for active duty. Anyone from Pilots to ticket agents.



Eastern Air lines flt # 701, EWR-MCO Boeing 757
User currently offlineHlywdCatft From United States of America, joined Jan 2001, 5321 posts, RR: 7
Reply 9, posted (11 years 3 months 3 weeks 1 day 11 hours ago) and read 3135 times:

Will it be like a Virgin Connector sort of like North American is for El Al?

User currently offlineIkarus From United Kingdom, joined Jan 2001, 3524 posts, RR: 2
Reply 10, posted (11 years 3 months 3 weeks 1 day 8 hours ago) and read 2997 times:

HlywdCatft:

Presumably not - more like Virgin Blue, a separate business sharing the brand name, but not much else.

Personally, I can't help but think it optimistic to start an airline with $15 million, in the USA, anytime soon.

Besides, the American market is much more served than the Australian one. Southwest, AirTran, JetBlue, Frontier.... there seem to be more low-cost airlines, and the holes in their networks aren't that great, are they?

OK, so waiting until UA liquidates and trying to scavenge some routes and slots may be a decent idea, but you can bet there's a long line of airlines waiting to do just that... can't see a partially British owned startup grabbing all the goodies...

Regards

Ikarus


User currently offlineMSYtristar From United States of America, joined Aug 2005, 6514 posts, RR: 51
Reply 11, posted (11 years 3 months 3 weeks 1 day 8 hours ago) and read 2997 times:

Branson has said numerous times that he'd send Virgin Atlantic to New Orleans if he could get the extra slot...maybe Virgin America will make an appearance here. Perhaps a ticket counter inside the Virgin Megastore downtown? That would be sweet.  Smile


Stephen in New Orleans


User currently offlineHlywdCatft From United States of America, joined Jan 2001, 5321 posts, RR: 7
Reply 12, posted (11 years 3 months 3 weeks 1 day 7 hours ago) and read 2912 times:

Arent there some kind of US Laws that prevent international carriers from setting up domestic services in the U.S.?

User currently offlineBmi330 From United Kingdom, joined Nov 2001, 1450 posts, RR: 1
Reply 13, posted (11 years 3 months 3 weeks 1 day 7 hours ago) and read 2887 times:

This might be a little cynical but could the USA in return for British support in the current world climate see the Americans settling Bermuda 2 where UK ownership say XX% is aloud and they are aloud to operate dometic US routes and in turn open sakes at LHR. It would also help stop monopolizing certain US markets if more than one major goes belly up. Bit far fretched but you never no it would also antagonize other European counters such as France if it continues to get petty.

User currently offlineN863DA From United States of America, joined Sep 2004, 48 posts, RR: 6
Reply 14, posted (11 years 3 months 3 weeks 1 day 6 hours ago) and read 2821 times:

As I said in the other thread, jetBlue is REALLY going to hate this, since it is with Branson's help and that of many of his Virgin cronies that B6 was set up.

Call B6 (1-800-JETBLUE) and ask them why a large portion of their executives, pilots and other employees are all British...

Of course, nothing could ever be written down because then it would have been quite the scandal.

N 8 6 3 D A


User currently onlineSTT757 From United States of America, joined Mar 2000, 16793 posts, RR: 51
Reply 15, posted (11 years 3 months 3 weeks 1 day 5 hours ago) and read 2783 times:

Most folks (especially in the Government) would have no quarals with allowing British ,Australian or even Canadian companies to own and operate US Domestic Airlines, however they would not be warm to the idea of anyone else (especially the French or the Chinese).

So if it could be done they might do it, it depends on how much bs they are willing to tollerate from the French EU etc.

Right now they don't care what the French say, or the EU.

So maybe..



Eastern Air lines flt # 701, EWR-MCO Boeing 757
User currently offlineConcordeBoy From , joined Dec 1969, posts, RR:
Reply 16, posted (11 years 3 months 3 weeks 1 day 4 hours ago) and read 2743 times:

Branson has said numerous times that he'd send Virgin Atlantic to New Orleans if he could get the extra slot

Actually, it's not a slot problem which is preventing him from coming here; it's the fact that MSY is no longer among the 29 LON gateways permitted by Bermuda 2.  Sad



maybe Virgin America will make an appearance here

Not unless BOS, JFK, EWR, BWI, IAD, PIT, PHL, RDU, CLT, ATL, MCO, TPA, MIA, DTW, CVG, CLE, ORD, STL, IAH, DFW, MSP, DEN, PHX, LAS, SAN, LAX, SFO, or SEA gives up its rights.... fat chance  Sad


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