Singapore_Air From United Kingdom, joined Nov 2000, 13722 posts, RR: 20 Reply 6, posted (10 years 8 months 2 weeks 6 days 4 hours ago) and read 3021 times:
Stupid link above. That article told me the wrong paper. FOR SHAME.
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.
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.
Bmi330 From United Kingdom, joined Nov 2001, 1449 posts, RR: 1 Reply 7, posted (10 years 8 months 2 weeks 6 days 2 hours ago) and read 2841 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.
STT757 From United States of America, joined Mar 2000, 16550 posts, RR: 52 Reply 8, posted (10 years 8 months 2 weeks 6 days 2 hours ago) and read 2802 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.
Ikarus From United Kingdom, joined Jan 2001, 3524 posts, RR: 2 Reply 10, posted (10 years 8 months 2 weeks 5 days 22 hours ago) and read 2598 times:
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...
MSYtristar From United States of America, joined Aug 2005, 6344 posts, RR: 50 Reply 11, posted (10 years 8 months 2 weeks 5 days 22 hours ago) and read 2598 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.
Bmi330 From United Kingdom, joined Nov 2001, 1449 posts, RR: 1 Reply 13, posted (10 years 8 months 2 weeks 5 days 21 hours ago) and read 2488 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.
STT757 From United States of America, joined Mar 2000, 16550 posts, RR: 52 Reply 15, posted (10 years 8 months 2 weeks 5 days 19 hours ago) and read 2384 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.