Search found 224 matches

by Westerwaelder
Fri May 01, 2020 4:40 pm
Forum: Civil Aviation
Topic: Iberia & Vueling secure €1 Bil Spanish gov't loans
Replies: 18
Views: 2511

Re: IAG secures $1.1 billion government backed loan in Spain

Who’s the parent company that holds the shares of both companies? There’s your answer. How they proportion that money is up to them. Sorry to be a nitpicker, but, IAG did not get the loan, Iberia and Vueling did. Re-read the source you provided and you will see in the first line it says exactly wha...

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by Westerwaelder
Fri May 01, 2020 3:04 pm
Forum: Civil Aviation
Topic: Updated: SAA shrinks even further, laying off staff
Replies: 256
Views: 54210

Re: SAA to be liquidated!

Another question would be, if they also prefer to remain in Star Alliance with the new airline ... That is probably the last question on their mind. Depends on what the new carrier looks like. Will it be a domestic/regional outfit? In which case being in an alliance is less important than having bi...

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by Westerwaelder
Fri May 01, 2020 2:43 pm
Forum: Civil Aviation
Topic: Ryanair to layoff 3,000: including pilots,and FAs; cut FA wages by 20%
Replies: 12
Views: 3444

Re: Ryanair to layoff 3,000 pilots, FAs; cut wages by 20%

Per reports from today, Ryanair is looking to reduce their workforce by 3,000 employees. Most of these would be pilots and flight attendants. Additionally, many employees will have to take unpaid leave but will remain employed by Ryanair. They are also looking to cut wages across the board by 20 pe...

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by Westerwaelder
Fri May 01, 2020 2:28 pm
Forum: Civil Aviation
Topic: AA's PHX Hub in Jeopardy?
Replies: 198
Views: 27288

Re: AA's PHX Hub in Jeapor

The hub lost money during great economic times! What do you think is going to happen over the next several years as the industry climbs its way out of this mess? Airlines are fighting for survival and cash right now. Do you honestly believe any airline is going to keep a money losing hub when the e...

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by Westerwaelder
Fri May 01, 2020 2:16 pm
Forum: Civil Aviation
Topic: BA could make up to 12,000 employees redundant
Replies: 328
Views: 62429

Re: BA could make up to 12.000 employees redundant

U2 will not be able to get enough slots to run a viable short haul operation from LHR. VS slots are not enough and won't be free. Even if sold at a fraction of the pre crisis value they will still be too expensive to run a short haul flight. Foreign carriers mainly paid top dollars for LHR access. T...

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by Westerwaelder
Fri May 01, 2020 1:36 pm
Forum: Civil Aviation
Topic: Iberia & Vueling secure €1 Bil Spanish gov't loans
Replies: 18
Views: 2511

Re: IAG secures $1.1 billion government backed loan in Spain

Sorry to be a nitpicker, but, IAG did not get the loan, Iberia and Vueling did. Re-read the source you provided and you will see in the first line it says exactly what I wrote. Suggest you change the title. Pretty much every article states that it is IAG that secured the loan - for their Spanish su...

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by Westerwaelder
Fri May 01, 2020 1:32 pm
Forum: Civil Aviation
Topic: Updated: Virgin Atlantic seeks restructuring; files for BK in US Court
Replies: 1455
Views: 175744

Re: Virgin Atlantic needs government support?

You are just making statements in further support of the anti-competitive nature of the JV's. Your statement simply proves the argument that the remedy of divesting slots doesn't work and the JV's still result in fewer competitors and overall a less competitive market. So the natural conclusion is ...

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by Westerwaelder
Fri May 01, 2020 11:30 am
Forum: Civil Aviation
Topic: Iberia & Vueling secure €1 Bil Spanish gov't loans
Replies: 18
Views: 2511

Iberia & Vueling secure €1 Bil Spanish gov't loans

https://www.nytimes.com/reuters/2020/05 ... -debt.html

Interesting move given the noises they made lately. What's behind this?
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https://www.nytimes.com/reuters/2020/05 ... -debt.html

Interesting move given the noises they made lately. What's behind this?

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by Westerwaelder
Fri May 01, 2020 8:04 am
Forum: Civil Aviation
Topic: Updated: Virgin Atlantic seeks restructuring; files for BK in US Court
Replies: 1455
Views: 175744

Re: Virgin Atlantic needs government support?

Really? Which 3 groups fly from LHR to BOS/PHL/JFK/MIA/SEA/DFW before the virus situation? Do tell! PHL, BOS and MIA were available to anyone as remedy slots and no one could make anything off the routes. And DL tried hard... so sometimes if there is no competition on a specific route it's because ...

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by Westerwaelder
Fri May 01, 2020 7:59 am
Forum: Civil Aviation
Topic: Updated: Virgin Atlantic seeks restructuring; files for BK in US Court
Replies: 1455
Views: 175744

Re: Virgin Atlantic needs government support?

Really? Which 3 groups fly from LHR to BOS/PHL/JFK/MIA/SEA/DFW before the virus situation? Do tell! I was responding to your argument that the number of competitors from LHR dwindled to a point that JVs became anti competitive. I say the only drop outs are immaterial and make no change to transatla...

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by Westerwaelder
Fri May 01, 2020 7:54 am
Forum: Civil Aviation
Topic: Updated: Virgin Atlantic seeks restructuring; files for BK in US Court
Replies: 1455
Views: 175744

Re: Virgin Atlantic needs government support?

Really? Which 3 groups fly from LHR to BOS/PHL/JFK/MIA/SEA/DFW before the virus situation? Do tell! I was responding to your argument that the number of competitors from LHR dwindled to a point that JVs became anti competitive. I say the only drop outs are immaterial and make no change to transatla...

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by Westerwaelder
Fri May 01, 2020 7:52 am
Forum: Civil Aviation
Topic: Updated: Virgin Atlantic seeks restructuring; files for BK in US Court
Replies: 1455
Views: 175744

Re: Virgin Atlantic needs government support?

Really? Which 3 groups fly from LHR to BOS/PHL/JFK/MIA/SEA/DFW before the virus situation? Do tell! PHL, BOS and MIA were available to anyone as remedy slots and no one could make anything off the routes. And DL tried hard... so sometimes if there is no competition on a specific route it's because ...

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by Westerwaelder
Thu Apr 30, 2020 5:05 pm
Forum: Civil Aviation
Topic: Updated: Virgin Atlantic seeks restructuring; files for BK in US Court
Replies: 1455
Views: 175744

Re: Virgin Atlantic needs government support?

To conclude that the exit of a handful of single route and often one flight a day airlines makes Heathrow to the US less competitive in a meaningful way makes no sense. You need three meaningful airlines/groups to keep it honest and we have that - with or without the help of VS. It's still way more...

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by Westerwaelder
Thu Apr 30, 2020 4:55 pm
Forum: Civil Aviation
Topic: Updated: Virgin Atlantic seeks restructuring; files for BK in US Court
Replies: 1455
Views: 175744

Re: Virgin Atlantic needs government support?

To conclude that the exit ofr= a handful of single route and often one flight a day airlines makes Heathrow to the US less competitive in a meaningful way makes no sense. You need three meaningful airlines/groups to keep it honest and we have that - with or without the help of VS. It's still way mo...

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by Westerwaelder
Thu Apr 30, 2020 3:31 pm
Forum: Civil Aviation
Topic: Lufthansa 10+ Billion EUR package: bailout or megasubsidy?
Replies: 195
Views: 20535

Re: Lufthansa 10+ Billion EUR package: bailout or megasubsidy?

So Swiss gets a loan, but not Easyjet Switzerland. This is how quickly a bailout becomes a subsidy. Please read the sources. There are rules in Switzerland. This rules state, that Easyjet Switzerland does not qualify. Interestingly due to the low turnover they qualify for other government help prog...

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by Westerwaelder
Thu Apr 30, 2020 3:06 pm
Forum: Civil Aviation
Topic: AA Reports First-Quarter 2020 Financial Results
Replies: 67
Views: 9471

Re: AA Reports First-Quarter 2020 Financial Results

On the SOTA Parker pledged a goal of no non management furloughs, but there will be significant management furloughs in the coming months. If demand drops by the numbers being bounded about and recovery is slow, what is he planning to do with all the non management staff? Is there a lot of unmet de...

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by Westerwaelder
Thu Apr 30, 2020 2:46 pm
Forum: Civil Aviation
Topic: Lufthansa 10+ Billion EUR package: bailout or megasubsidy?
Replies: 195
Views: 20535

Re: Lufthansa 10+ Billion EUR package: bailout or megasubsidy?

LX and WK support is now confirmed. Liquidity aid for Swiss and Edelweiss: The federal government guarantees a maximum loan of CHF 1,275 billion. No link as heard it, not yet seen it online. Actually, the loan maximum loan amount will be CHF 1.5 bn, of which 85% (CHF 1.275 bn) will be guaranteed by...

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by Westerwaelder
Thu Apr 30, 2020 2:41 pm
Forum: Civil Aviation
Topic: Updated: Virgin Atlantic seeks restructuring; files for BK in US Court
Replies: 1455
Views: 175744

Re: Virgin Atlantic needs government support?

easyJet wouldn’t really lower fares infra-Europe just because they were at LHR... BA are already scraping the bottom of the barrel with Unbundled fares. They can’t get much cheaper than those, especially with the high cost of slots at LHR (note that easyJet are only interested in LHR if a third run...

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by Westerwaelder
Thu Apr 30, 2020 2:35 pm
Forum: Civil Aviation
Topic: Updated: Virgin Atlantic seeks restructuring; files for BK in US Court
Replies: 1455
Views: 175744

Re: Virgin Atlantic needs government support?

Who though? Airlines, that even survive, are going to be doing one thing, contracting. When VS are on the brink of going under, when the consistently profitable BA are contemplating losing 12000 of 42000 staff, I have to ask, do you quite understand what is happening? Do you really think some new e...

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by Westerwaelder
Thu Apr 30, 2020 2:31 pm
Forum: Civil Aviation
Topic: BA could make up to 12,000 employees redundant
Replies: 328
Views: 62429

Re: BA may not reopen at Gatwick

Just read this, WOW. While I get the idea to consolidate all operations at LHR, LGW was very profitable for the business unit, and obviously did a load of holiday destinations which there was little market for at more expensive LHR. Acknowledge market is going to be depressed post pandemic but losi...

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by Westerwaelder
Thu Apr 30, 2020 1:53 pm
Forum: Civil Aviation
Topic: Updated: Virgin Atlantic seeks restructuring; files for BK in US Court
Replies: 1455
Views: 175744

Re: Virgin Atlantic needs government support?

BA usually hover at about £300 return from heathrow but have seen it as low as £240 return. You are far more likely to see lower fares if those LHR slots go to someone else. There is a long list on the LHR slot waiting list who are willing to come in and lower the fares. What between London and New...

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by Westerwaelder
Thu Apr 30, 2020 12:58 pm
Forum: Civil Aviation
Topic: Updated: Virgin Atlantic seeks restructuring; files for BK in US Court
Replies: 1455
Views: 175744

Re: Virgin Atlantic needs government support?

The results are in and the number of carriers on routes from LHR to the US has decreased. That means less competition so the effect of the JVs is anti-competitive. You can spin it as you wish but the numbers don’t lie.[/quote] I am sorry but you are clutching for straws here. All of the main players...

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by Westerwaelder
Thu Apr 30, 2020 12:46 pm
Forum: Civil Aviation
Topic: Updated: Virgin Atlantic seeks restructuring; files for BK in US Court
Replies: 1455
Views: 175744

Re: Virgin Atlantic needs government support?

You are far more likely to see lower fares if those LHR slots go to someone else. There is a long list on the LHR slot waiting list who are willing to come in and lower the fares. Who though? Airlines, that even survive, are going to be doing one thing, contracting. When VS are on the brink of goin...

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by Westerwaelder
Thu Apr 30, 2020 11:02 am
Forum: Civil Aviation
Topic: Updated: Virgin Atlantic seeks restructuring; files for BK in US Court
Replies: 1455
Views: 175744

Re: Virgin Atlantic needs government support?

No thanks. I like my £300 return airfares to New York. It doesn't exactly need a VS to keep fares that low. DL and UA combined with Norwegian and one stop connections have taken care of that in the past. Norwegian won’t be around if VS isn’t. Maybe, maybe not. Do you already know the results of the...

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by Westerwaelder
Thu Apr 30, 2020 6:34 am
Forum: Civil Aviation
Topic: Ryanair Threatens EU Over State Aid to Airlines
Replies: 342
Views: 30164

Re: Ryanair Threatens EU Over State Aid to Airlines

How exactly are we helping them out? The last time I checked they are not asking for a bailout from any government. They can weather this storm on their own. They are a multinational corporation, biggest airline in Europe, do you really expect them to be nice and cuddly? They are behaving like any ...

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by Westerwaelder
Thu Apr 30, 2020 1:07 am
Forum: Civil Aviation
Topic: Updated: Virgin Atlantic seeks restructuring; files for BK in US Court
Replies: 1455
Views: 175744

Re: Virgin Atlantic needs government support?

Virgin Atlantic should be allowed to collapse. It's owned by a billionaire and the market is too crowded as it is. The gaps left over by Virgin can be easily filled by the likes of KLM. Theoretically, Air Lingus had the opportunity to merge with Virgin Atlantic and create two competing secure full ...

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by Westerwaelder
Wed Apr 29, 2020 4:44 pm
Forum: Civil Aviation
Topic: Updated: Virgin Atlantic seeks restructuring; files for BK in US Court
Replies: 1455
Views: 175744

Re: Virgin Atlantic needs government support?

The accounts show a loss and that is fine - up to the point where you need more money and no one is prepared to lend to you because all of your assets have already been pledged against previous loans. What you describe above only goes for a limited period of time. If you make an operational loss, y...

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by Westerwaelder
Wed Apr 29, 2020 3:15 pm
Forum: Civil Aviation
Topic: BA could make up to 12,000 employees redundant
Replies: 328
Views: 62429

Re: BA could make up to 12.000 employees redundant

Is that the full service carrier that charges £5 for a cup of tea and scone? :duck: The one that let's you travel from LHR, LGW and LCY instead of making you go to Satan's crotch aka LTN and STN. The food they served in the last couple of years on short haul flights was not worth having. I prefer t...

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by Westerwaelder
Wed Apr 29, 2020 1:27 pm
Forum: Civil Aviation
Topic: BA could make up to 12,000 employees redundant
Replies: 328
Views: 62429

Re: BA could make up to 12.000 employees redundant

...the UK could not allow its only full service carrier to fail. Is that the full service carrier that charges £5 for a cup of tea and scone? :duck: The one that let's you travel from LHR, LGW and LCY instead of making you go to Satan's crotch aka LTN and STN. The food they served in the last coupl...

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by Westerwaelder
Wed Apr 29, 2020 1:20 pm
Forum: Civil Aviation
Topic: Updated: Virgin Atlantic seeks restructuring; files for BK in US Court
Replies: 1455
Views: 175744

Re: Virgin Atlantic needs government support?

As far as I am aware, immediately before the Covid crisis all UK based airlines were viable businesses, adding benefits to the UK, and were well run. I don’t know how all the airlines will make it through this crisis, but the government picking favourites is a recipe for long term grievance. Just l...

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by Westerwaelder
Wed Apr 29, 2020 1:02 pm
Forum: Civil Aviation
Topic: Updated: Virgin Atlantic seeks restructuring; files for BK in US Court
Replies: 1455
Views: 175744

Re: Virgin Atlantic needs government support?

The issue is that where a large number of jobs (or certain types of particularly skilled jobs) are lost en masse, those skills are often lost to the industry for good, and they take time to recreate. This means that the recession cuts deeper, recovery takes longer, and the prospect of permanent eco...

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by Westerwaelder
Wed Apr 29, 2020 8:29 am
Forum: Civil Aviation
Topic: Updated: Virgin Atlantic seeks restructuring; files for BK in US Court
Replies: 1455
Views: 175744

Re: Virgin Atlantic needs government support?

Airlines SHOULD be getting special treatment as profitable viable employers are now closing because of government decisions. That’s “special treatment” required. I must say I am alarmed by the cold and callous attitude of many, especially US posters on this thread. This is not survival of the fitte...

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by Westerwaelder
Wed Apr 29, 2020 8:17 am
Forum: Civil Aviation
Topic: Lufthansa 10+ Billion EUR package: bailout or megasubsidy?
Replies: 195
Views: 20535

Re: Lufthansa 10+ Billion EUR package: bailout or megasubsidy?

Unless we know the conditions of the loan we won’t know. A loan that is to be repaid isn’t a subsidy though, it isn’t free money nor is it coming from the government. I doubt we will get to see details but a loan is a loan and unless the government has to step in and pay the bank I don’t see this a...

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by Westerwaelder
Wed Apr 29, 2020 7:55 am
Forum: Civil Aviation
Topic: Lufthansa 10+ Billion EUR package: bailout or megasubsidy?
Replies: 195
Views: 20535

Re: Lufthansa 10+ Billion EUR package: bailout or megasubsidy?

Not sure a gov backed loan counts as a subsidy. Only if they go bankrupt and the gov has to pay it back, otherwise it’s a loan. True. It does however mean access to capital that in most cases would not be available otherwise. Or only at an extremely elevated cost. So in a way that is providing a lo...

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by Westerwaelder
Wed Apr 29, 2020 6:50 am
Forum: Civil Aviation
Topic: Lufthansa 10+ Billion EUR package: bailout or megasubsidy?
Replies: 195
Views: 20535

Re: Lufthansa 10+ Billion EUR package: bailout or megasubsidy?

Not sure a gov backed loan counts as a subsidy. Only if they go bankrupt and the gov has to pay it back, otherwise it’s a loan. True. It does however mean access to capital that in most cases would not be available otherwise. Or only at an extremely elevated cost. So in a way that is providing a lo...

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by Westerwaelder
Wed Apr 29, 2020 6:45 am
Forum: Civil Aviation
Topic: Lufthansa 10+ Billion EUR package: bailout or megasubsidy?
Replies: 195
Views: 20535

Re: Re:

Yes and no. Yes, we pay social contributions as a form of insurance, just in case despite our best efforts, we may get sick, injured or lose our jobs. No, we don't pay social contributions so that big corporations can keep minimal liquidity and pay out all their earnings as bonusses and dividends o...

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by Westerwaelder
Wed Apr 29, 2020 6:41 am
Forum: Civil Aviation
Topic: Lufthansa 10+ Billion EUR package: bailout or megasubsidy?
Replies: 195
Views: 20535

Re: Re:

Yes and no. Yes, we pay social contributions as a form of insurance, just in case despite our best efforts, we may get sick, injured or lose our jobs. No, we don't pay social contributions so that big corporations can keep minimal liquidity and pay out all their earnings as bonusses and dividends o...

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by Westerwaelder
Wed Apr 29, 2020 5:37 am
Forum: Civil Aviation
Topic: BA could make up to 12,000 employees redundant
Replies: 328
Views: 62429

Re: BA could make up to 12.000 employees redundant

If that is the case then the Government needs to chase the money for the staff that have been furloughed thanks to to government scheme. Simple as it gets. Shouldn't be furloughing and laying people off until we have "unlocked". It was only a matter of days ago, in fact may have been yest...

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by Westerwaelder
Wed Apr 29, 2020 5:17 am
Forum: Civil Aviation
Topic: Updated: Virgin Atlantic seeks restructuring; files for BK in US Court
Replies: 1455
Views: 175744

Re: Virgin Atlantic needs government support?

Airlines SHOULD be getting special treatment as profitable viable employers are now closing because of government decisions. That’s “special treatment” required. I must say I am alarmed by the cold and callous attitude of many, especially US posters on this thread. This is not survival of the fitte...

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by Westerwaelder
Tue Apr 28, 2020 5:10 pm
Forum: Civil Aviation
Topic: Lufthansa 10+ Billion EUR package: bailout or megasubsidy?
Replies: 195
Views: 20535

Re: Lufthansa 10+ Billion EUR package: bailout or megasubsidy?

Seems like today Lufthansa rejected government's aid and is considering filing for bankruptcy. It would be put under supervision during which it could undertake the necessary measures to stabilize its business and to reform itself. https://www.faz.net/aktuell/wirtschaft/unternehmen/rettungspaket-fu...

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by Westerwaelder
Tue Apr 28, 2020 5:06 pm
Forum: Civil Aviation
Topic: Lufthansa 10+ Billion EUR package: bailout or megasubsidy?
Replies: 195
Views: 20535

Re: Lufthansa 10+ Billion EUR package: bailout or megasubsidy?

Does this form of reorganization exist under German law today? The company source said that the type of creditor protection scheme under consideration would require the company to be still solvent and where management could stay on to oversee a restructuring. https://www.reuters.com/article/us-heal...

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by Westerwaelder
Tue Apr 28, 2020 4:59 pm
Forum: Civil Aviation
Topic: Updated: PGL (LOT) cancels Condor Takeover
Replies: 135
Views: 19823

Re: Updated: PGL (LOT) cancels Condor Takeover

With the extra loans now confirmed, what is the path forwards for Condor from here? Is there any chance that they could move to build up in the role that Air Berlin was supposed to fill at BER, assuming it ever opens? With Lufthansa cutting agreements, why stick to a FRA hub? Could Condor's model w...

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by Westerwaelder
Tue Apr 28, 2020 4:46 pm
Forum: Civil Aviation
Topic: Updated: Virgin Atlantic seeks restructuring; files for BK in US Court
Replies: 1455
Views: 175744

Re: Virgin Atlantic needs government support?

VS is a long-haul carrier and there are only so many destinations which will be profitable. It's absolutely right to collaborate with DL on as many US routes as possible as that's where the feed and money will come from. Going east is tough against multiple competitors who have their huge hubs (lik...

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by Westerwaelder
Tue Apr 28, 2020 4:04 pm
Forum: Civil Aviation
Topic: Updated: PGL (LOT) cancels Condor Takeover
Replies: 135
Views: 19823

Re: Updated: PGL (LOT) cancels Condor Takeover

With the extra loans now confirmed, what is the path forwards for Condor from here? Is there any chance that they could move to build up in the role that Air Berlin was supposed to fill at BER, assuming it ever opens? With Lufthansa cutting agreements, why stick to a FRA hub? Could Condor's model w...

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by Westerwaelder
Tue Apr 28, 2020 3:56 pm
Forum: Civil Aviation
Topic: Lufthansa 10+ Billion EUR package: bailout or megasubsidy?
Replies: 195
Views: 20535

Re: Lufthansa 10+ Billion EUR package: bailout or megasubsidy?

To paraphrase Star Wars, Merkel - "I am the rules"| That's ridiculous: 1. The rules are agreed upon by all 28 (27) EU member states. 2. Germany is certainly not the no. 1 state to campaign against subsidies; the UK, Benelux and Scandinavian countries are (were) much more vocal when push c...

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by Westerwaelder
Tue Apr 28, 2020 3:53 pm
Forum: Civil Aviation
Topic: Lufthansa 10+ Billion EUR package: bailout or megasubsidy?
Replies: 195
Views: 20535

Re: Lufthansa 10+ Billion EUR package: bailout or megasubsidy?

To paraphrase Star Wars, Merkel - "I am the rules"| That's ridiculous: 1. The rules are agreed upon by all 28 (27) EU member states. 2. Germany is certainly not the no. 1 state to campaign against subsidies; the UK, Benelux and Scandinavian countries are (were) much more vocal when push c...

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by Westerwaelder
Tue Apr 28, 2020 2:58 pm
Forum: Civil Aviation
Topic: Lufthansa 10+ Billion EUR package: bailout or megasubsidy?
Replies: 195
Views: 20535

Re: Lufthansa 10+ Billion EUR package: bailout or megasubsidy?

So no violation of any EU competitive rules? To paraphrase Star Wars, Merkel - "I am the rules"| That's ridiculous: 1. The rules are agreed upon by all 28 (27) EU member states. 2. Germany is certainly not the no. 1 state to campaign against subsidies; the UK, Benelux and Scandinavian cou...

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by Westerwaelder
Tue Apr 28, 2020 10:37 am
Forum: Civil Aviation
Topic: DL takes the crown in NYC
Replies: 36
Views: 7280

Re: DL takes the crown in NYC?

One of the most useless threads so far... how detached does one have to be to worry about the most flights out of NYC at a time when the entire industry crumbles...

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by Westerwaelder
Tue Apr 28, 2020 10:34 am
Forum: Civil Aviation
Topic: Ryanair Threatens EU Over State Aid to Airlines
Replies: 342
Views: 30164

Re: Ryanair Threatens EU Over State Aid to Airlines

Ryanair is a highly successful European airline that has reduced the ticket prices and revolutionized air travel in Europe. They do not want help, all they want is a fair competition, which means letting uncompetitive and fat airlines die. Perhaps many governments have come to realize, that social ...

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by Westerwaelder
Mon Apr 27, 2020 5:46 pm
Forum: Civil Aviation
Topic: Updated: Virgin Atlantic seeks restructuring; files for BK in US Court
Replies: 1455
Views: 175744

Re: Virgin Atlantic needs government support?

Royalties are always paid on gross revenue. And rate of 0.6% is very very low, with typical rates starting at 3%. Factors Affecting Royalty Rates in Brand Licensing, Part One https://www.flowhaven.com/resources/factors-affecting-royalty-rates-part-one Some Virgin spokesman came out last week saying...

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