LGW From , joined Dec 1969, posts, RR: Posted (12 years 5 months 4 days 15 hours ago) and read 1091 times:
Virgin Sun is reportedly up for sale after massive losses since being launched in the summer of 1999. Although Virgin Sun holidays is selling holidays for summer 2000, there are no plans to launch a winter 2000/2001 programme. The airline has approached brokers to help lease out it's fleet of aircraft. Singapore Airlines which owns 49% of Virgin Atlantic have put pressure on them to offload Virgin Sun, and concentrate on the long-haul market.
CX747 From United States of America, joined May 1999, 4385 posts, RR: 5 Reply 4, posted (12 years 5 months 4 days 11 hours ago) and read 1046 times:
I personally think that Virgin overexpanded itself. Richard should concentrate on Virgin Atlantic Airways and sell off Virgin Sun, or let the company be taken apart and put back together properly by an intelligent individual from the IT sector of the industry.
"History does not long entrust the care of freedom to the weak or timid." D. Eisenhower
Ryanair From United Kingdom, joined Jul 1999, 654 posts, RR: 0 Reply 7, posted (12 years 5 months 4 days 10 hours ago) and read 1035 times:
I wonder where cut backs on unprofitable airlines at Virgin Group will leave Virgin Express and sister company Virgin Blue? It's not been Richard Branson's week.
ContinentalEWR From United States of America, joined May 2000, 3762 posts, RR: 15 Reply 8, posted (12 years 5 months 4 days 9 hours ago) and read 1028 times:
I worry that Richard Branson is way over extending himself and that the more routes he adds to Virgin's
route network, the more the product will be diluted.
In a few years, Virgin Atlantic Airways could become
a parody of its self if he missteps.
Aussie_ From Australia, joined Dec 2000, 1765 posts, RR: 5 Reply 9, posted (12 years 5 months 4 days 9 hours ago) and read 1019 times:
Branson has great flair and a great product, but he is overambitious. Every one of his airline products outside the great success of VS seems to be a flop, even the new Virgin Blue is reportedly struggling (though CERTAINLY not dead yet!).
Be careful Branson or you may go under. VS can't prop you up for everything!
CX747 From United States of America, joined May 1999, 4385 posts, RR: 5 Reply 11, posted (12 years 5 months 4 days 4 hours ago) and read 1001 times:
I think that Sir Richard should cut his losses. Virgin Sun should be shut down or sold off. Virgin Express should be reconsolidated and made more efficient. Virgin Blue is still in its infancy, but if VS were to open a LHR-SYD route it would be helpful. You could then sell tickets to connecting passengers. VS's expansion plans should also slow down. The current fleet is being taxed at a very high rate and even the deliveries of the 7 744s won't really bring down the "pressure" on the airframes. I understand that an airplane is not making a company money when it is on the ground, but the 742s, 744s, and A340s are being run into the ground.
"History does not long entrust the care of freedom to the weak or timid." D. Eisenhower
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