You're not bursting bubbles. I am merely pointing out a futrue possibility. All contractual obligations can easily be met with a new parent company.
Welcome to Flightinfo.com
- Register now and join the discussion
- Friendliest aviation Ccmmunity on the web
- Modern site for PC's, Phones, Tablets - no 3rd party apps required
- Ask questions, help others, promote aviation
- Share the passion for aviation
- Invite everyone to Flightinfo.com and let's have fun
VistaJet buys Skyjet Europe
- Thread starter notapilot
- Start date
- Watchers 7
Welcome to Flightinfo.com
- Register now and join the discussion
- Modern secure site, no 3rd party apps required
- Invite your friends
- Share the passion of aviation
- Friendliest aviation community on the web
You're not bursting bubbles. I am merely pointing out a futrue possibility. All contractual obligations can easily be met with a new parent company.
EdAtTheAirport
Well-known member
- Joined
- Apr 17, 2005
- Posts
- 298
Interview with Reid:
Q: To what extent is Richard Branson involved with the airline? Do you call him?
A: I see him mostly socially. He's always dreamt of seeing a Virgin-branded airline operating in the United States. But Richard is also very smart, and he understands that the only way to do that in the United States is through a trademark license, nothing more, nothing less than a trademark license that the U.S. investors contracted with the Virgin Group.
So Richard is an idea guy. Richard is a creative guy. But he's not on the board. I saw him three times face to face last year, and spoke to him twice on the telephone. In total, five times. The conversation is usually like, "Well, how are things going?" I say, "Great." He says, "Are you ever going to get that airline started or not?" and I say, "One of these days," He says, "Do you need anything and are you comfortable?" I say, "I'm great." He does not get involved in the financials or the governance.
Q: Do you work for him?
A: No. I was hired by a management company called Virgin USA in April 2004. Virgin USA is a company that looks for new business opportunities for the Virgin Group.
Q: To what extent is Richard Branson involved with the airline? Do you call him?
A: I see him mostly socially. He's always dreamt of seeing a Virgin-branded airline operating in the United States. But Richard is also very smart, and he understands that the only way to do that in the United States is through a trademark license, nothing more, nothing less than a trademark license that the U.S. investors contracted with the Virgin Group.
So Richard is an idea guy. Richard is a creative guy. But he's not on the board. I saw him three times face to face last year, and spoke to him twice on the telephone. In total, five times. The conversation is usually like, "Well, how are things going?" I say, "Great." He says, "Are you ever going to get that airline started or not?" and I say, "One of these days," He says, "Do you need anything and are you comfortable?" I say, "I'm great." He does not get involved in the financials or the governance.
Q: Do you work for him?
A: No. I was hired by a management company called Virgin USA in April 2004. Virgin USA is a company that looks for new business opportunities for the Virgin Group.
Virgin Group to Start Online Site for Charter Flights
By Tracy Alloway and Hugo Miller
June 12 (Bloomberg) -- Virgin Group Ltd. , owned by U.K. billionaire Richard Branson, will expand its aviation operations with an online service to match travelers with private-plane charter operators in the U.S. Virgin Charter will begin in the U. S. fall season, Brooke Hammerling, a spokeswoman for the company in New York, said today. The business, to be based in the U.S., will run a Web site that lets people book private planes for flights and view customer ratings and safety audits.
The new business will compete with established providers such as Manchester, New Hampshire-based OneSky Jets. Branson is adding Virgin Charter as the Federal Aviation Administration forecasts a 3.2 percent annual rise over 10 years for general aviation, which includes private charters and air-taxi services. “We all expect private aviation to grow enormously over the next 10 years and this diversites the risk” associated with the Virgin America Inc. low-cost carrier Branson is also helping to start, said Darryl Jenkins, an aviation consultant in Marshall, Virginia.
Virgin America, which won flight permission from the U.S. Transportation Department on May 18, expects to begin flights by the middle of this summer, Chief Executive Offiicer Fred Reid has said. The Burlingame, California-based carrier plans to begin with New York-San Francisco flights.
Virgin Charter is being added as long security checks and the threat of terrorism hamper commercial air travel and boost the popularity of private jets. The new company is contacting private-jet operators. The company's customer base will include athletes, entertainers, business travelers and private clients, he said. Virgin Charter also plans to offer helicopters and jumbo jets for hire.
“In the U.S., corporate jets fly empty about half of the time,” he said. “It's incredibly inefficient.”
By Tracy Alloway and Hugo Miller
June 12 (Bloomberg) -- Virgin Group Ltd. , owned by U.K. billionaire Richard Branson, will expand its aviation operations with an online service to match travelers with private-plane charter operators in the U.S. Virgin Charter will begin in the U. S. fall season, Brooke Hammerling, a spokeswoman for the company in New York, said today. The business, to be based in the U.S., will run a Web site that lets people book private planes for flights and view customer ratings and safety audits.
The new business will compete with established providers such as Manchester, New Hampshire-based OneSky Jets. Branson is adding Virgin Charter as the Federal Aviation Administration forecasts a 3.2 percent annual rise over 10 years for general aviation, which includes private charters and air-taxi services. “We all expect private aviation to grow enormously over the next 10 years and this diversites the risk” associated with the Virgin America Inc. low-cost carrier Branson is also helping to start, said Darryl Jenkins, an aviation consultant in Marshall, Virginia.
Virgin America, which won flight permission from the U.S. Transportation Department on May 18, expects to begin flights by the middle of this summer, Chief Executive Offiicer Fred Reid has said. The Burlingame, California-based carrier plans to begin with New York-San Francisco flights.
Virgin Charter is being added as long security checks and the threat of terrorism hamper commercial air travel and boost the popularity of private jets. The new company is contacting private-jet operators. The company's customer base will include athletes, entertainers, business travelers and private clients, he said. Virgin Charter also plans to offer helicopters and jumbo jets for hire.
“In the U.S., corporate jets fly empty about half of the time,” he said. “It's incredibly inefficient.”
Virgin Charter CEO Scott Duffy says the company will help. He says 40% of all private jet flights in the U.S. annually have no passengers aboard, as planes turn "empty legs" rather than sit idle on the tarmac waiting for return trips.
"This is the No. 1 thing we think we can reduce through our scheduler, which will create greater efficiency," he said.
The industry is currently dominated by two companies: NetJets, a purveyor of fractional ownership, and Marquis Jets, which allows members to buy flight time by the hour.
Richard Branson, "The kinds of people who fly on private planes might want to go to the moon one day." http://www.newsday.com/services/new...h/la-fi-spaceship29-2008jul29,0,2202547.story
Branson getting involved with fractionals would be a smart way for Virgin Group to profit from the losses of high dollar airline passengers and also get a base of customers for Virgin Galactic. Since his peer Buffett already finds great success in Netjets, why not try it out for himself.
This of course is all speculation. The future should be bright at Flexjet if Bombardier allows Reid to do what he wants or if we are eventually sold off to a more aggressive buyer.
"This is the No. 1 thing we think we can reduce through our scheduler, which will create greater efficiency," he said.
The industry is currently dominated by two companies: NetJets, a purveyor of fractional ownership, and Marquis Jets, which allows members to buy flight time by the hour.
Richard Branson, "The kinds of people who fly on private planes might want to go to the moon one day." http://www.newsday.com/services/new...h/la-fi-spaceship29-2008jul29,0,2202547.story
Branson getting involved with fractionals would be a smart way for Virgin Group to profit from the losses of high dollar airline passengers and also get a base of customers for Virgin Galactic. Since his peer Buffett already finds great success in Netjets, why not try it out for himself.
This of course is all speculation. The future should be bright at Flexjet if Bombardier allows Reid to do what he wants or if we are eventually sold off to a more aggressive buyer.
Last edited:
More supporting evidence of the possibility some on here dismissed.
http://www.flightglobal.com/articles/2008/09/30/316669/flexjet-evaluates-european-re-launch.html
http://www.flightglobal.com/articles/2008/09/30/316669/flexjet-evaluates-european-re-launch.html
ArtVandalay
Well-known member
- Joined
- Dec 20, 2005
- Posts
- 384
Share this page
Latest resources
-
-
-
-
-
AC 90-89C - Amateur-Built Aircraft and Ultralight Flight Testing HandbookAmateur-Built Aircraft and Ultralight Flight Testing Handbook
- Neal
- Updated:
