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Virgin America 4Q loss $27mil

Colonel Savage

Southern style...
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NoTime
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...
 

waka

Emasculating the Right
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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
 

Lear70

JAFFO
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4abeer
In other words, you're not familiar with phrase and don't think about what you're really writing.

:D
Wasn't there something in the FAR's that says "Fluent in the English language?"

:D :D :D

I KEED, I KEED! ;)
 

waka

Emasculating the Right
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StaySeated

IBT does not represent ME
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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.
 

Hamburger

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Hank Scorpio and his Cabotage can still lick my Sack.
 
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ackattacker

Client 9
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Nov 14, 2004
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hah!
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."
 

Hamburger

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How very profound. Thank you for your contribution to the thread.
Hey look, smug sarcasm! Aren't you the clever one?
Perhaps I should look to your last post for example of profoundness?
He'll be gettin his muffin buttered I reckon.
This one's a high minded gem for the ages, eh?
Save it for the mirror, chump.

Pull up a chair next to Branson and his Cabotage.
 

Ralph Cramden

Took the Red Pill
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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.

Let me help you with your understanding ackattacker.

You are right, there is no news. The DOT so far is handling this privately. They have the right to do it this way, and case history shows they normally handle this type of dispute in private. There was a change of ownership clause in the DOT ruling granting the company an AOC. If the new DOT reverses this clause, it will take years winding it's way through administrative and court proceedings before any new decision can be implemented.

You are right again, Mr. Branson IS a rock star!

Don't confuse a disagreement with ownership laws as ridicule. Everyone has a right to an opinion. DOT rules aren't like FAR121 ops specs with stern do and don't points. It's more like arguing a civil case in court.

In the meantime, Open Skies round two will open. While a democratic administration will be reticent to allow any changes, the ATA is for liberalized capital rules (editorial on their web site yesterday), as are the CEOs of some airlines, notably Tilton of UAL.

If you are waiting for news or action, I suggest you go get some beer and popcorn to add to your entertainment.

Cheers!
 
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Pogue Mahone

One for the Road
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Hey look, smug sarcasm! Aren't you the clever one?
Perhaps I should look to your last post for example of profoundness?

This one's a high minded gem for the ages, eh?
Save it for the mirror, chump.

Pull up a chair next to Branson and his Cabotage.

Touche!

...and it's champ by the way. I go by champ.
 

Dizel8

Douglas metal
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Feb 27, 2003
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2,817
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Huh?
.

In the meantime, Open Skies round two will open. While a democratic administration will be reticent to allow any changes, the ATA is for liberalized capital rules (editorial on their web site yesterday), as are the CEOs of some airlines, notably Tilton of UAL.

I think that is exactly what "the bearded" is praying for.

That the determination of the ownership of VA will drag out and "Open Skies 2", which will be discussing, and perhaps changing, foreign ownership rules, will be in effect before the determination is made that VA are flaunting the rules.
 
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