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Branson' And US Airways  
User currently offlineClipperaurora From United States of America, joined Aug 2004, 96 posts, RR: 0
Posted (9 years 9 months 3 weeks 2 days 1 hour ago) and read 11084 times:

Rumor around the flight line is that Lakefield is meeting with Branson and officials from Virgin today in PIT........ It all falls into place after hearing a firm from overseas wants to make the purchase..........good things to come]


//////// FLY THE FLAG
68 replies: All unread, showing first 25:
 
User currently offlineBA380 From United Kingdom, joined May 2004, 1466 posts, RR: 8
Reply 1, posted (9 years 9 months 3 weeks 2 days 1 hour ago) and read 11011 times:

he would not be allowed to buy a controlling interest/more than 49%, would he?


cabin crew: doors to automatic and cross-check...
User currently offlineTockeyhockey From United States of America, joined Feb 2005, 952 posts, RR: 0
Reply 2, posted (9 years 9 months 3 weeks 2 days 1 hour ago) and read 11001 times:

that would be quite the turnaround for US. they could use his charisma to inject some new energy into an airline that has very few fans left.

i hope it works out.


User currently offlineClipperAurora From United States of America, joined Aug 2004, 96 posts, RR: 0
Reply 3, posted (9 years 9 months 3 weeks 2 days 1 hour ago) and read 10974 times:

Your right only 49%....the "un-named" financer says that it will comply with all laws!


//////// FLY THE FLAG
User currently offlineOuboy79 From United States of America, joined Nov 2001, 4612 posts, RR: 23
Reply 4, posted (9 years 9 months 3 weeks 2 days 1 hour ago) and read 10928 times:

Around the line in PIT, or meeting in PIT?

Doesn't really make much sense that they would meet out at (what once was) mecca versus the Crystal Palace.


User currently offlinePyroGX41487 From United States of America, joined Oct 2004, 280 posts, RR: 0
Reply 5, posted (9 years 9 months 3 weeks 2 days 1 hour ago) and read 10892 times:

You mean Virgin buying out USair? Geez, that would not only solve that whole Virgin America issue for Virgin, but it might make them a few bucks, keeping USair alive...

That airline refuses to go down, man!


User currently offlineClipperAurora From United States of America, joined Aug 2004, 96 posts, RR: 0
Reply 6, posted (9 years 9 months 3 weeks 2 days ago) and read 10847 times:

can't agree with you more, I don't think that Virgin would want to try to start fresh with a new airline hitting the US, It's hard......with US Airways hurting for cash adn Virgin wanting to start in the US , it's a plus for both companies! US Airways keeps flying, with a name change and everyone loves the exotic name of Virgin


//////// FLY THE FLAG
User currently offlineUS A333 PIT From United States of America, joined Jan 2001, 310 posts, RR: 0
Reply 7, posted (9 years 9 months 3 weeks 2 days ago) and read 10743 times:

Hasn't Virgin America already placed firm orders for airbus aircraft and weren't they supposed to be IAE equipped? If so how many are on order? Is he thinking of just adding them to the existing US Airways fleet? Remeber Airways' 320 family aircraft are all GE outfitted.

User currently offlineA350 From Germany, joined Nov 2004, 1101 posts, RR: 22
Reply 8, posted (9 years 9 months 3 weeks 2 days ago) and read 10700 times:

he would not be allowed to buy a controlling interest/more than 49%, would he?

If a foreign investor expresses his wish to take over a bunkrupt airline for 100% and asks the government/parliament to change this law, what do you think will happen? Who wants to be guilty if the law keeps unchanged and thousends of people losse their jobs?

I'd say it's not impossible that a "lex Branson" and Virgin US will come soon.

A350



Photography - the art of observing, not the art of arranging
User currently offlineEuropean From , joined Dec 1969, posts, RR:
Reply 9, posted (9 years 9 months 3 weeks 2 days ago) and read 10637 times:

Hey,

I think it would be great if USairways was brought by Richard Branson(Virgin) and make Virgin America, If this DID happen, Looks like a lot of planes would be retired and newer planes flown.Making a simple fleet of Airbus A320 and A319 aircraft, Maybe some A321's?

European
Jimmi


User currently offlineClipperAurora From United States of America, joined Aug 2004, 96 posts, RR: 0
Reply 10, posted (9 years 9 months 3 weeks 2 days ago) and read 10639 times:

The orders for those airbuses was before the whole US AIRWAYS mess, I am sure though ..if this goes through.. the orders could be changed to fit the company, and from what I have been reading online today and all the rumors, I think that there is a very good chance US Airways will be getting a new paint job


//////// FLY THE FLAG
User currently onlineERJ170 From United States of America, joined Apr 2004, 6784 posts, RR: 17
Reply 11, posted (9 years 9 months 3 weeks 2 days ago) and read 10630 times:

sorry A350, but in this case.. that would not happen.. the US Law is that no foreing entity can own more than 49% (or was it 25%) and that would have to be changed by a US Congress decision, which would not be very easy to do... I don't think 100% or even 49% would be very likely...

Branson, however, didn't want to own that much and this would be more than likely just the opportunity he is looking for..



Aiming High and going far..
User currently offlineJdwfloyd From United States of America, joined Feb 2005, 837 posts, RR: 4
Reply 12, posted (9 years 9 months 3 weeks 2 days ago) and read 10608 times:

So would this be the end of US in the Star Alliance or the beginning of VS in the Star Alliance? The only real objector I can think of is B.M.I.

User currently offlineWilliam From United States of America, joined Jun 1999, 1317 posts, RR: 0
Reply 13, posted (9 years 9 months 3 weeks 2 days ago) and read 10606 times:

Hmmmmm..........ViginUSA vs SWA........That would be very interesting indeed. Expect SWA to keep a close eye on this,especially the foreign ownership stake issue.


User currently offlineLeelaw From , joined Dec 1969, posts, RR:
Reply 14, posted (9 years 9 months 3 weeks 2 days ago) and read 10592 times:

"If a foreign investor expresses his wish to take over a bunkrupt airline for 100% and asks the government/parliament to change this law, what do you think will happen?"

The US Congress is unlikely to change public policy regarding foreign ownership of airlines. If he really wants to acquire a majority interest in a US carrier he'll have to pull a Rupert Murdoch and become an American citizen


User currently offlineAADC10 From United States of America, joined Nov 2004, 2102 posts, RR: 0
Reply 15, posted (9 years 9 months 3 weeks 2 days ago) and read 10541 times:

How do you know they are not simply making a codeshare agreement? Since Virgin America will be based at SFO and its initial presence in the east will be weak, where USAir has most of its flights.

Why would anybody in their right mind want to buy USAir's debt and labor problems? Since planes can be leased on the cheap and there are plenty of unemployed airline workers, it is easy to start from scratch.


User currently offline747firstclass From , joined Dec 1969, posts, RR:
Reply 16, posted (9 years 9 months 3 weeks 1 day 23 hours ago) and read 10482 times:

Keep in mind that Congress has to vote to raise the foreign ownsrship levels to any level; above the currently allowed 25%.

Congress will be lobbied long and hard to vote NOT to raise the levels. In addition, have you ever seen any bill introduced and a vote quickly taken on a subject that would sure to be controversial. In short it will not happen any time soon.


User currently offlineGSPSPOT From United States of America, joined Sep 2003, 3098 posts, RR: 2
Reply 17, posted (9 years 9 months 3 weeks 1 day 23 hours ago) and read 10444 times:

I don't see what would necessarily be so controversial about it.... It should be all about having healthy companies operating within the US, and employing thousands of American who might otherwise be on the street.

It appears to me that European companies are better-run (from an outsider's perspective anyway) than US ones. US companies are unabashedly greedy, while Euro companies still APPEAR at least, to care about employees.

I just hope if this really does happen, that GSP is still one of their destinations!



Finally made it to an airline mecca!
User currently offlinePetazulu From United States of America, joined Jan 2003, 701 posts, RR: 1
Reply 18, posted (9 years 9 months 3 weeks 1 day 23 hours ago) and read 10389 times:

Again, why?why?why? would someone want to assume all of that debt, and complicated labor issues. Makes nos sense to me on the surface. maybe he is looking to pilfer USAirways and obtain some of their valuable assets?



User currently offlinePlaneSmart From New Zealand, joined Dec 2004, 1027 posts, RR: 0
Reply 19, posted (9 years 9 months 3 weeks 1 day 23 hours ago) and read 10370 times:

It is always easier & quicker to buy an existing business, rather than start from scratch, irrespective of whether the business has a good or bad reputation. After a while people can only recall the business name, not why they recall the name (different if you work in the industry).

Key would be price. It's not as if there's a shortage of financially under-performing US-based airlines from which to choose.

Also, there would be conditions, such as re-negotiated employment contracts and work practices.

If a meeting is on, US must have invited SRB. Buying ailing businesses is not his style. Building new ones from the ground up is. Virgin business model isn't that revolutionary. It's the the people that make the difference, and you don't get that when you can't select / employ from a zero base.

I would question whether his organisation has the management expertise, and more importantly depth, to take on US.

However, if SRB is bored at present..........


User currently offlineAirbazar From United States of America, joined Sep 2003, 8577 posts, RR: 10
Reply 20, posted (9 years 9 months 3 weeks 1 day 23 hours ago) and read 10330 times:

It appears to me that European companies are better-run (from an outsider's perspective anyway) than US ones. US companies are unabashedly greedy, while Euro companies still APPEAR at least, to care about employees.

That's more an issue of perception, as you put it. Euro companies appear to care about their employees because they are forced to by European law. Any given country in Europe has very strict laws protecting the employee. In some contries it's virtually impossible to fire an employee.


User currently offlineHawk44 From United States of America, joined Jan 2005, 759 posts, RR: 3
Reply 21, posted (9 years 9 months 3 weeks 1 day 23 hours ago) and read 10293 times:

Hasn't Virgin America already placed firm orders for airbus aircraft and weren't they supposed to be IAE equipped? If so how many are on order? Is he thinking of just adding them to the existing US Airways fleet? Remeber Airways' 320 family aircraft are all GE outfitted.

Virgin America will operate new Airbus 319 and A320 aircraft. The airline has the option to acquire and lease up to 105 in all.

That's from virginamerica.com



Never under estimate the power of US
User currently offlineKYAir From United States of America, joined Jan 2004, 362 posts, RR: 3
Reply 22, posted (9 years 9 months 3 weeks 1 day 23 hours ago) and read 10282 times:

I like the sound of Virgin US, but wouldn't Virgin PI (Piedmont) sound even better?  Smile/happy/getting dizzy


Don't cry because it's over, smile because it happened - Dr. Seuss
User currently offlineHawk44 From United States of America, joined Jan 2005, 759 posts, RR: 3
Reply 23, posted (9 years 9 months 3 weeks 1 day 23 hours ago) and read 10256 times:

I have a question according to virginamerica.com it says that Virgin America will be run by Fred Reid. Anybody know his background? Any connections to US Airways?

Hawk44



Never under estimate the power of US
User currently offlineSHUPirate1 From United States of America, joined Sep 2003, 3670 posts, RR: 16
Reply 24, posted (9 years 9 months 3 weeks 1 day 22 hours ago) and read 10176 times:

Wasn't Fred Reid previously the CFO at Delta? (which makes me wonder why Virgin USA thought to hire him)


Burma's constitutional referendum options: A. Yes, B. Go to Insein Prison!
25 Wnsocal : This will be a good thing for USairways EMP to become VIRGIN AMERICA bad for the for the rest of the industry. I don't see Branson keeping all the ser
26 William : Again,no one wants to talk about the X factor. SWA. Hehehe,the Wright Admendment is not even a blip on their screen if this comes to pass. I wander if
27 Avek00 : "I don't see what would necessarily be so controversial about it.... It should be all about having healthy companies operating within the US, and empl
28 Scotron11 : Avek100 Profit from US airline service? Where? Who? Predictions are that all US legacies will lose more than their collective worth in 2005! The only
29 Avek00 : "The only restriction to US carriers by Bermuda II is LHR, otherwise they are pretty free to fly where they like." B2 is pretty da*ned restrictive - u
30 747firstclass : Hard as the battle in Congress may be to raise the foreign ownership levels above 25%, that battle pales compared to the one that will arise over LHR
31 LGA777 : I am pretty sure the Virgin America Airbus order is for the CFM engines, same as US has, not the IAE VR's mentioned earlier in the thread and Fred Rei
32 ERJ170 : I don't see Branson keeping all the service USairways has now..Branson will drop all the service that is not making money. I also don't see Branson ke
33 Scotron11 : OK, lets say LHR opens up to any US carrier that wants to fly there.(BTW, I am also for unrestrictive access to LHR). What will happen then? Will UK c
34 SHUPirate1 : Scotron-Yes, you forgot British Midland...
35 Scotron11 : Hi SHUPirate1 I intentionally omitted BD as they already have quite a large presence at LHR. regards
36 Avek00 : "Hard as the battle in Congress may be to raise the foreign ownership levels above 25%, that battle pales compared to the one that will arise over LHR
37 YVR99 : Dear all, What difference would renegotiating Bermuda II really have if slots at LHR are impossible to come by? Sure, some other foreign carriers migh
38 Scotron11 : Avek00 So I take it you are in favor of foreign ownership of US airlines? Only qualified ones, in your opinion, of course. I couldn't care less! I see
39 Propulsion : Scotron11: 'I sense that folk think that access to LHR is this great nirvana.' Well yes it is actually, hence it is a major factor encouraging the ex
40 Aerofan : craps- hope this doesn't happen
41 Codasco : "Ladies and Gentlemen, welcome aboard Virgin Atlantic flight 123 to London-Heathrow, operated by USAirways. As we taxi out of the gate, please turn yo
42 Avek00 : "So I take it you are in favor of foreign ownership of US airlines? Only qualified ones, in your opinion, of course. I couldn't care less! I see no di
43 Avek00 : "I sense that folk think that access to LHR is this great nirvana." It is - LHR is still the undisputed king of premium international traffic. Hell, t
44 Bennett123 : The reason why the A380 is so attractive to LHR is slot availability. I see no reason why existing operators should be kicked out of LHR to let US ca
45 Post contains images AA717driver : Maybe he'd buy the certificate and certain assets (if the price were right for the lien holder--ie. Bronner). I still believe SRB would prefer to buil
46 Hiflyer : Dang...this all started from "Rumor around the flight line "?? Grin Fred Reid developed Song and then left DL...and he has take at least 1 or two with
47 Avek00 : "I see no reason why existing operators should be kicked out of LHR to let US carriers in. There are also MAN, BHX and LGW, why not fly there." 1. The
48 Avek00 : "The reason why the A380 is so attractive to LHR is slot availability." Yes, 'cos the slots are worth their weight in gold due to LHR having more prem
49 Aa757first : Meanwhile the pilots at USA3000 are saying they are it...they have the deal. I don't understand why they would want to be sold. USA 3000 is owned by
50 Bennett123 : You signed Bermuda II, nobody put a gun to your head. What you are saying is that a country that has only 1 carrier flying into LHR should lose it an
51 Avek00 : "What you are saying is that a country that has only 1 carrier flying into LHR should lose it and the USA gets three." No, what I am saying is let mar
52 Post contains links and images Zippyjet : I wish US all the luck. However, if the huckster of rock stars and the fast lane crowd, and he has some control, then on come the gimmicks. Such as co
53 Bennett123 : Avek00 How about removing the "Non US owwnership" rules on airlines and let the market decide.
54 Supa7E7 : Let the market decide??? How about letting the USA buy your television and radio spectra? We would be happy to let our media conglomerates saturate yo
55 Bennett123 : I thought that they did already already.
56 UAMAYBACH1239 : Petazulu Branson could also make suggestions or requests and actually have US to make the layoffs or reduction in the fleet before making the purchase
57 Avek00 : "Avek00 How about removing the "Non US owwnership" rules on airlines and let the market decide." Like I've said already, I'm all for it once the UK al
58 Avek00 : "Let the market decide??? How about letting the USA buy your television and radio spectra? We would be happy to let our media conglomerates saturate y
59 Delta777Jet : Looks like we are getting a new airline here: Virgin US Airways Hub Cities: PHL CLT SFO (and maybe FLL or STL?) All Aírbus Fleet of A-319/320/321/332
60 William : I find it funny,how everyone does not want to talk about SWA role in this. They will make sure this STAYS a rumor.
61 Rwylie77 : I can see Richard Branson buy assets from US Air, but not the company...why on earth would he take on debts, disruptive staff and all the other proble
62 747firstclass : William You are absolutely correct. Also, keep in mind that they are based in the same state that Bush is from and the same state that AA and CO are b
63 Scotron11 : I think the following explains why there has no new agreement since Bermuda II. It is high time both sides sat down and hammered out some sort of comp
64 UsAirways16bwi : if this really does actually happen....will it still be called USAirways? will the planes still be in the dark blue US livery? i hope so.
65 SHUPirate1 : Oooh, oooh, can the distinguished representative from Florida have a turn? We are not asking for rights between, say, London-Heathrow and Frankfurt. W
66 Bennett123 : So the idea is we allow US carriers to buy up slots at LHR, and you let us buy US Airways?. Most US and European carriers make big profits on long hau
67 Avek00 : "Any government that traded access to LHR for the right to buy US Airways would need it's head examined." And conversely, any government that would le
68 US A333 PIT : This is purely a rumour. Before anyone makes anything of this I suggest providing a little more solid evidence, than "I heard from an unreliable sourc
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