BMI701EGCC From United Kingdom, joined Aug 2004, 162 posts, RR: 0 Posted (8 years 8 months 3 weeks 4 days 1 hour ago) and read 1693 times:
Hi Guys,
I heard last month that BMI's chairman spoke out and said there not making money throughout any of their services(also posted on A.net). One pritty steep statement don't you think?
So now about one month on, have they started to make profit? They're launching the MAN-LAS flights on November 1st, first few flights a fully booked which is a good sign.
personally i don't think they'll go down, but with what the chairman said it could happen at some stage.
Your thoughts guys....
G-PATI-"G-PATI, Back inbound to Barton"MCT APR-"G-PATI, Continue, Keep lookout on VFR traffic"
Whitehatter From , joined Dec 1969, posts, RR: Reply 3, posted (8 years 8 months 3 weeks 4 days ago) and read 1600 times:
VS have as much chance of buying out British Midland as I do of getting pregnant.
Michael Bishop HATES Branson (and rightly so after the snake tricks he's pulled in the past on BD), and SAS/Lufthansa would have to agree.
If anything, a LH takeover is more likely.
On the upside, British Midland loads are quite healthy and WW is expanding/refocussing. BMIbaby is, if anything, short of aircraft at the moment. The business looks to have started to turn the corner.
Steve7E7 From United Kingdom, joined May 2004, 470 posts, RR: 52 Reply 4, posted (8 years 8 months 3 weeks 4 days ago) and read 1589 times:
VS have as much chance of buying out British Midland as I do of getting pregnant
Whitehatter,you've obviously never come across the Immaculate Conception then
I agree that they seem to be turning the corner,my hope is that they stay independent for a long time to come.Some of their battles with BA are legendary and it would be a crying shame to see the classic fighting spirit sold abroad.
Kl911 From Ireland, joined Jul 2003, 4974 posts, RR: 14 Reply 5, posted (8 years 8 months 3 weeks 4 days ago) and read 1573 times:
BD's fighting spirit will serve VS well, and Branson has stated often that he would like to take over BD. SK and LH will have as much to say as the other shareholders, of which Bishop is the biggest. Business is Business and everything is possible, if they like eachother or not....
" The European consumer would crawl naked over broken glass to get low fares." Michael O'Leary
Whitehatter From , joined Dec 1969, posts, RR: Reply 6, posted (8 years 8 months 3 weeks 4 days ago) and read 1561 times:
Another seemingly insignificant issue is money. Branson isn't as wealthy as you might think.
Try reading "Branson" by Tom Bower. It'll enlighten you on just how close VS has been to shutting the doors on several occasions, and I somehow don't think Singapore will happily pony up the best part of a billion without some searching questions.
Virgin is in no condition to bid for anyone. Branson wanted BD on the cheap, and Bishop/LH/SK will have no part in his financial shennanigans with shares and debt.
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