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Virgin America 4Q loss $27mil

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Man, that thing is like a black hole. Wonder what Sugar Daddy will do?

How is it that they are still operating? I thought they weren't in compliance with ownership laws?

Where's Congress?
Oh wait...
 
Another words gone by next year.

In other words, you're not familiar with phrase and don't think about what you're really writing.

:D
 
I don't know how that casm can be possible, seems unbelievably high all things considered.

Considering their annual revenue, the benchmark for filing BK is around $44 Million. At their current burn rate they have about three months of cash before filing unless things improve greatly or they get another cash infusion, which is much more likely.

Best of luck, I don't wish a airline shutdown on anyone.
 
Hank Scorpio and his Cabotage can still lick my Sack.
 
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There seems to be no news on the whole foreign ownership thing. I don't understand it. They make no effort to hide it and the denials are extremely vague. Branson shows up at the launches like a rock star.

listen to this interview with David Cush (CEO Virgin America) and Steve Ridgeway (CEO Virgin Atlantic). They seem to treat the laws as worthy of ridicule, which I suppose they are doing by flaunting them.

Airline foreign ownership restrictions mean getting to this point has not been easy. Ridgway labels such hurdles as ridiculous: "This industry created the global economy, so why we're still subject to all these archaic rules is beyond any of us. It will change, but it's just painful."
Virgin America, in particular, has faced ownership scrutiny since its inception, making the topic very relevant to Cush: "The nature of travel is about crossing national boundaries and the fact that we can't have efficient economic structures and efficient governance structures to facilitate that is crazy. As soon as it breaks down in aviation it's going to be the travelling public that wins," he argues, tagging on: "I feel like I'm running for office."
 

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