I will preface by saying my thoughts at this time are with all VS staff. They do not deserve to suffer this uncertainty and I hope the airline pulls through as the country needs more than one airline in the long-haul business and an airline that's prepared to explore markets north of the Watford Gap.
Virgin parent company should be asked first. Since Richard Branson owns 51% of the company, he must use his own money to support his own company. Delta owns 49%, Delta should help as well.
SRB has already pledged a few hundred million into various Virgin companies, VS included.
VS is not critical to UK economy as its routes are covered by other airlines.
Not all. You will also find VS have more of a commitment towards long-haul routes originating outside of London than BA do. The current government makes a lot of noise about levelling up the economy, so if you ask me having a situation where there's only one scheduled airline in the UK and operate everything out of London goes against that. I'm not saying the government should subside routes outside of London, but global connectivity plays in the old 'north-south divide' argument.
It should be rescued by its shareholder, not the UK government.
Whilst I agree shareholders have some sort of obligation, they're not running the company and there is a limit as to how much they should reasonably be expected to put in, especially if one of them has problems of their own (i.e. Delta). I also think that despite not being left-leaning, it's in the government's interests to ensure businesses thrive and if there is a case for a state-led intervention to ensure a business survives for the good of the economy and protecting jobs, they should look at it and act accordingly - if a case can be made.
I'm also not sure governments want to be entering elections painted by opposition parties as responsible for putting thousands of people out of work. It's bad enough the UK has lost Monarch, FlyBMI, Thomas Cook Airlines and Flybe within the space of 2 1/2 years.
What VS did to Flybe should always be remembered.
By that logic, we should always remember what BA did to VS in the early-90's. Google the Dirty Tricks scandal to see what I mean. There's also a documentary about it from the time on YouTube somewhere. That was far worse than the failure of Connect Airways to ensure Flybe survived, especially given the dire straits Flybe were in for years.
If the ginger at necker island doesn’t want to pay up. Good riddance to Virgin. Our tax payers money needs to spent on our health service during this crisis and not a failing private airline that provides no benefit to the MAJORITY of British Nationals x
I don't think VS employees along with all those in the supply chain that rely on VS will agree with you.
It should be noted that the airlines (and ALL of us) are in current situation because the governments (almost all of them) acted too slow to mitigate the disaster. Asking for the governments to bail out for a short period of time, especially during the time that the governments are telling people not to fly, isn't that outrageous.
Indeed. Despite being on the grounds of public health, governments across the world (including our own) pulled the rug from underneath the airline's market by telling people not to travel and, in some cases, closing borders to travellers from certain countries. To me, that should be one reason alone for governments to lend some sort of support to airline's who are facing what is an unprecedented situation.
It's also different to circa-2008 when banks were being bailed out because the way some had behaved over the years were coming to a head and the implications of their collapse would have had on the economy. It left a sour taste in many people's mouths when some of them reportedly returned to "business as usual" within a short timescale and reports of bonuses being paid out did the rounds. As far as I can see, airlines haven't been behaving recklessly.