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Please check you have entered your email address correctly before continuing. As Indigo are not in the business of maintaining multiple aircraft types as a LCC comglomerate.DanV, you are forgetting Indigo Partners attempted to buy in and gain control 18 months ago when VAA were well and truly a full service airline. Savings not available on all packages. It was management, policy direction and fractious shareholders that got them unstuck. below, then click 'Submit'.
Google and see the number of economic EXPERT articles on all of them (key being able expert which your comments suggest you are clearly not).Your stance on Virgin is loud and clear - but what a pathetic point to make that there is not enough demand for both QF and VA - they both have similar load factors. Of course, being state-owned by the Singapore Government isn't a bad thing in terms of the available capital and tight connection with SIA.Another question is will the FIRB approve a Singapore Government owned corporation (Temasek Holdings inc) taking over in partnership (with BGH) or taking over VA entirely. Directors yes, shareholders no.Australians won't go for another LCC, the only people who fly Jetstar are the bargain basement travellers. Likewise the European majors are charting a future where they can operate profitably with sustained lower demand.
Click Maybe things have changed now the circumstances are different, we don't know yet.Everyone should just sit back and wait to see what unfolds. "The biggest issue was that Virgin was weighed down by an estimated $5 billion in debt at the time it went under – debt which could be substantially reduced through administration, freeing up more of the airline's annual revenue to become straight profit.Administrator Deloitte and Virgin Australia management is said to be pitching Virgin 2.0 as capable of chalking up $1.2 billion in pre-tax profit against an estimated $5 billion in revenue by the middle of 2023, which is when the airline hopes to have pulled out of the coronavirus clouds and be flying steadily in the 'new norm'.This would be based on the new Virgin Australia being a smaller airline with fewer planes, routes and staff, offset by lower operational costs.David Flynn is the Editor-in-Chief of Executive Traveller and a bit of a travel tragic with a weakness for good coffee, shopping and lychee martinis.You're right that the new VA will be smaller than the business that went into administration but it seems hard to identify an airline that won't emerge smaller from the Coronavirus crisis.
This email has already been used to sign up with CONNECTED_THIRD_PARTY_NAMES. Need an account? I'd also expect Temasek to fizzle out as "fake news" eventually, like the long running "SQ to take over VA" debacles.SQ is a shareholder in VA.
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