clickclickboom
Well-known member
- Joined
- Nov 7, 2005
- Posts
- 1,081
Lets face it ,,,, Virgin America is having a bad week. First News that Black Canyon and Cyrus may pull their $150,000,000 hits the news then just yesterday the DOT denies their appeal to hide their numbers from competitor and public view. ( The numbers should be available tomorrow 1/30/09)
The US Ownership requirement was and is the poison pill for VA because they needed domestic investment to start operations but the investment funds had a stipulation that with notice the money could be recalled. If it has in fact been recalled we do not yet know but based on the media reports of VA hiring a specialist to find investors it doesnt look good.
All of this is just the icing on the cake because the new insider news is that Bransen is buying large blocks of tickets on flights to improve the liquidity and financial performance of the company. This is a loophole that Bransen can use to bypass the ownership limits because afterall how can anybody say who can and can not buy tickets.
Anyone else hear of this last ditch effort?
The US Ownership requirement was and is the poison pill for VA because they needed domestic investment to start operations but the investment funds had a stipulation that with notice the money could be recalled. If it has in fact been recalled we do not yet know but based on the media reports of VA hiring a specialist to find investors it doesnt look good.
All of this is just the icing on the cake because the new insider news is that Bransen is buying large blocks of tickets on flights to improve the liquidity and financial performance of the company. This is a loophole that Bransen can use to bypass the ownership limits because afterall how can anybody say who can and can not buy tickets.
Anyone else hear of this last ditch effort?