Search found 224 matches

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: 175791

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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by Westerwaelder
Mon Apr 27, 2020 2:41 pm
Forum: Civil Aviation
Topic: Updated: Virgin Atlantic seeks restructuring; files for BK in US Court
Replies: 1455
Views: 175791

Re: Virgin Atlantic needs government support?

Can someone confirm if the 0.6% = £170 million in 2019 is true? Maybe this is where you should have started. Just because there is a royalty agreement in place does not mean the Virgin Group is receiving the royalties. That is why I asked. So much smoke, so many mirrors...:-). So are you saying the...

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by Westerwaelder
Mon Apr 27, 2020 1:48 pm
Forum: Civil Aviation
Topic: Updated: Virgin Atlantic seeks restructuring; files for BK in US Court
Replies: 1455
Views: 175791

Re: Virgin Atlantic needs government support?

A detailed report in the Business section of The Times on 22nd April states that Virgin Atlantic pays an "undisclosed" royalty to Virgin Enterprises. From what I have been able to dig up in the last couple of hours, VS pays about 0.6% of the GROSS revenue it earns to the Virgin Group, so ...

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by Westerwaelder
Mon Apr 27, 2020 1:38 pm
Forum: Civil Aviation
Topic: Updated: Virgin Atlantic seeks restructuring; files for BK in US Court
Replies: 1455
Views: 175791

Re: Virgin Atlantic needs government support?

Does anyone know if VS pays the Virgin Group a fee like every other non wholly owned Virgin company ? A detailed report in the Business section of The Times on 22nd April states that Virgin Atlantic pays an "undisclosed" royalty to Virgin Enterprises. So much for not taking any profit out...

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by Westerwaelder
Mon Apr 27, 2020 12:17 pm
Forum: Civil Aviation
Topic: Ryanair Threatens EU Over State Aid to Airlines
Replies: 342
Views: 30172

Re: Ryanair Threatens EU Over State Aid to Airlines

[list=][/list] I must say I do not endeavor with MOL at all but he somehow has a point. And I am not speaking about the Austrian Government but the EU as a whole. The EU states that fair competition is paramount - yet it allows some governments to provide support on commercial airlines whilst others...

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by Westerwaelder
Mon Apr 27, 2020 10:24 am
Forum: Civil Aviation
Topic: Virgin Australia to enter voluntary administration
Replies: 314
Views: 52318

Re: Virgin Australia to enter voluntary administration

Read a lot of comments relating to how VA was not a LC or LCC and really couldn't take it up to QF If or when VA re-launch after administration why not try something unique 3 class configuration 38" Premium up front 33" Full service economy in the middle 30" Ultra low cost up the bac...

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by Westerwaelder
Mon Apr 27, 2020 8:40 am
Forum: Civil Aviation
Topic: Ryanair Threatens EU Over State Aid to Airlines
Replies: 342
Views: 30172

Re: Ryanair Threatens EU Over State Aid to Airlines

If Austrian Airlines was such a stable and strong carrier before corona then why did LH Group refuse to invest in their long-haul product? Meanwhile LX got new planes and kept on expanding. There were most likely some doubts within the groupation regarding the validity and stability of their Austri...

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by Westerwaelder
Mon Apr 27, 2020 8:29 am
Forum: Civil Aviation
Topic: Ryanair Threatens EU Over State Aid to Airlines
Replies: 342
Views: 30172

Re: Ryanair Threatens EU Over State Aid to Airlines

What are you going on about? Are you implying that Austrian Airlines was a perfectly run and highly profitable airline before Corona? So why not bankrupt them like the EU did with MA and CY? These two airlines could have been reformed or even privatized but the EU preferred to take the easy way out...

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by Westerwaelder
Mon Apr 27, 2020 8:21 am
Forum: Civil Aviation
Topic: Ryanair Threatens EU Over State Aid to Airlines
Replies: 342
Views: 30172

Re: Ryanair Threatens EU Over State Aid to Airlines

Agree. Not one Euro from the taxpayer for the airlines. What would that look like in a few months time? Most airlines in Europe would be closed for good. The US3 gone. This is just nonsense. Malev and Cyprus Airways were basket cases at the best of times. They were not viable businesses. This is an...

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by Westerwaelder
Mon Apr 27, 2020 7:13 am
Forum: Civil Aviation
Topic: Ryanair Threatens EU Over State Aid to Airlines
Replies: 342
Views: 30172

Re: Ryanair Threatens EU Over State Aid to Airlines

Since it doesn't exist in practice then maybe it's time to also remove it from EU legislation so as to allow countries to subsidize their industry as they see fit? I agree with this and this is why we can't emphasise enough how the current situation with AF-KLM and LH Group is totally unfair. Malev...

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by Westerwaelder
Mon Apr 27, 2020 6:51 am
Forum: Civil Aviation
Topic: Updated: Virgin Atlantic seeks restructuring; files for BK in US Court
Replies: 1455
Views: 175791

Re: Virgin Atlantic needs government support?

Virgin Atlantic is a worthy investment for investors who can afford a longer investment horizon. It is probably a good thing that investment banks are involved as advisors and that sovereign wealth funds are considered. I find it somewhat surprising that the Bank of England hasn't followed yet the ...

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by Westerwaelder
Mon Apr 27, 2020 6:39 am
Forum: Civil Aviation
Topic: Updated: Virgin Atlantic seeks restructuring; files for BK in US Court
Replies: 1455
Views: 175791

Re: Virgin Atlantic needs government support?

Virgin Atlantic is a worthy investment for investors who can afford a longer investment horizon. It is probably a good thing that investment banks are involved as advisors and that sovereign wealth funds are considered. I find it somewhat surprising that the Bank of England hasn't followed yet the ...

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by Westerwaelder
Sun Apr 26, 2020 4:27 pm
Forum: Civil Aviation
Topic: Updated: Virgin Atlantic seeks restructuring; files for BK in US Court
Replies: 1455
Views: 175791

Re: Virgin Atlantic needs government support?

I can understand why the government must not be scammed by SRB - and I wholeheartedly agree with that. I cannot possibly fathom why anyone would legitimately say the government must not intervene. There is government intervention in airlines the world over at the moment ... Delta, United, American,...

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by Westerwaelder
Sun Apr 26, 2020 3:49 pm
Forum: Civil Aviation
Topic: Updated: Virgin Atlantic seeks restructuring; files for BK in US Court
Replies: 1455
Views: 175791

Re: Virgin Atlantic needs government support?

Virgin Atlantic is a worthy investment for investors who can afford a longer investment horizon. It is probably a good thing that investment banks are involved as advisors and that sovereign wealth funds are considered. I find it somewhat surprising that the Bank of England hasn't followed yet the ...

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by Westerwaelder
Sun Apr 26, 2020 2:48 pm
Forum: Civil Aviation
Topic: Updated: Virgin Atlantic seeks restructuring; files for BK in US Court
Replies: 1455
Views: 175791

Re: Virgin Atlantic needs government support?

Virgin Atlantic is a worthy investment for investors who can afford a longer investment horizon. It is probably a good thing that investment banks are involved as advisors and that sovereign wealth funds are considered. I find it somewhat surprising that the Bank of England hasn't followed yet the ...

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by Westerwaelder
Sun Apr 26, 2020 2:18 pm
Forum: Civil Aviation
Topic: Updated: Virgin Atlantic seeks restructuring; files for BK in US Court
Replies: 1455
Views: 175791

Re: Virgin Atlantic needs government support?

The important thing is that government must not intervene or be scammed by SRB. I can understand why the government must not be scammed by SRB - and I wholeheartedly agree with that. I cannot possibly fathom why anyone would legitimately say the government must not intervene. There is government in...

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by Westerwaelder
Sun Apr 26, 2020 2:14 pm
Forum: Civil Aviation
Topic: Updated: Virgin Atlantic seeks restructuring; files for BK in US Court
Replies: 1455
Views: 175791

Re: Virgin Atlantic needs government support?

I don't know the UK bankruptcy laws, so this is probably nonsense. BA doesn't buy VS at current state. Too much debt. They wait for it to go into administration, they pay some money to get whatever part of their fleet they want and a large portion of slots. Not everyone lose their jobs. Maybe the B...

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by Westerwaelder
Sun Apr 26, 2020 8:16 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?

I believe what Waterbomber criticizes is the arbitrary nature of the decision. Why Lufthansa and why not small businesses? I would also like to hear an answer for this question. Indeed I believe Corona is so big that's the governments duty to prevent another 1929. The government can pay salaries, t...

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by Westerwaelder
Sun Apr 26, 2020 7:24 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?

I believe what Waterbomber criticizes is the arbitrary nature of the decision. Why Lufthansa and why not small businesses? I would also like to hear an answer for this question. Indeed I believe Corona is so big that's the governments duty to prevent another 1929. The government can pay salaries, t...

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by Westerwaelder
Sun Apr 26, 2020 7:20 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?

Anyone know what conditions the German government placed on them before they can get access to this aid? In my opinion they should be forced to either sell or shutdown the unprofitable branches (SN, EW and OS) as their underperformance also affects Lufthansa mainline. With the mess in Austria, this...

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by Westerwaelder
Sun Apr 26, 2020 5:19 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?

While Germany is rejecting the issuance of Coronabonds, it looks increasingly likely that Lufthansa will be offered a combination of capital infusion, loans and staff unemployment benefits for a package totalling over 10 billion Euro's. The length of this crisis is unknown and the Lufthansa Group h...

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by Westerwaelder
Wed Apr 22, 2020 4:53 pm
Forum: Civil Aviation
Topic: Updated: Virgin Atlantic seeks restructuring; files for BK in US Court
Replies: 1455
Views: 175791

Re: Virgin Atlantic needs government support?

Delta CEO was just on CNBC and he said: We cannot invest more into Virgin Atlantic but there is a need for Virgin Atlantic in the UK and that Virgin Atlantic will emerge from this process even if they have to go through administration. He would say that. What exactly is the need for Virgin Atlantic...

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by Westerwaelder
Mon Apr 20, 2020 3:53 pm
Forum: Civil Aviation
Topic: Virgin Australia to enter voluntary administration
Replies: 314
Views: 52318

Re: Virgin Australia to enter voluntary administration

I'm stunned by the unwillingness of the Australian government to help Virgin, reminds me of Ansett's demise. I admit that both companies weren't doing great before their respective major crises (9/11 and Covid19) but leaving the entire Australian aviation market in the hands of Qantas is not a very...

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by Westerwaelder
Fri Apr 17, 2020 4:02 pm
Forum: Civil Aviation
Topic: Updated: Virgin Atlantic seeks restructuring; files for BK in US Court
Replies: 1455
Views: 175791

Re: Virgin Atlantic needs government support?

Are LOS, JNB, and CPT even included in the JV? PVG and HKG certainly aren't, and DL's relationship with MU likely has little or nothing to do with the fact that VS serves them. In addition, all of those routes (including CPT and BOM first time round) were existing routes before DL came on board. Th...

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