Comments on: Why Virgin Atlantic Airways is not “on the brink of collapse” http://simpliflying.com/2008/why-virgin-atlantic-airways-is-not-on-the-brink-of-collapse/ Helping airlines & airports engage travelers, profitably Sun, 22 Apr 2012 04:02:10 +0000 hourly 1 By: Shashank Nigam http://simpliflying.com/2008/why-virgin-atlantic-airways-is-not-on-the-brink-of-collapse/comment-page-1/#comment-328 Shashank Nigam Thu, 25 Sep 2008 23:07:02 +0000 http://simpliflying.com/?p=396#comment-328 @Keith: I'm with you. Free speech shouldn't be curbed. @Keith: I’m with you. Free speech shouldn’t be curbed.

]]> By: Shashank Nigam http://simpliflying.com/2008/why-virgin-atlantic-airways-is-not-on-the-brink-of-collapse/comment-page-1/#comment-327 Shashank Nigam Thu, 25 Sep 2008 23:04:22 +0000 http://simpliflying.com/?p=396#comment-327 @Paul: Thanks for re-emphasizing the measures Virgin Atlantic has taken in anticipation of bad times. It certainly reflects good planning and resilience. Having sufficient funds in the bank also provides cushion in bad times. But to be fair to Keith, he makes a valid point that anything can happen given the current economic environment. To use an example from another industry, once Lehman Brother collapsed, Goldman Sachs' stock price tumbled too, without any of their own doing. We all hope that Virgin Atlantic emerges even stronger at the end of this crises. @Paul:

Thanks for re-emphasizing the measures Virgin Atlantic has taken in anticipation of bad times. It certainly reflects good planning and resilience. Having sufficient funds in the bank also provides cushion in bad times.

But to be fair to Keith, he makes a valid point that anything can happen given the current economic environment. To use an example from another industry, once Lehman Brother collapsed, Goldman Sachs’ stock price tumbled too, without any of their own doing. We all hope that Virgin Atlantic emerges even stronger at the end of this crises.

]]> By: Keith Farnish http://simpliflying.com/2008/why-virgin-atlantic-airways-is-not-on-the-brink-of-collapse/comment-page-1/#comment-320 Keith Farnish Sun, 21 Sep 2008 12:15:33 +0000 http://simpliflying.com/?p=396#comment-320 Virgin Atlantic have taken it upon themselves to try and get the original article deleted, under threat of legal action. Nice exercising of free speech - if you don't like what's written then try and sue the author, even if what is written is not libellous in any way... http://www.blog.thesietch.org/2008/09/19/virgin-atlantic-threaten-to-sue-arse-off-the-sietch/ In the "free" world debate is not permitted, so it seems. Keith Virgin Atlantic have taken it upon themselves to try and get the original article deleted, under threat of legal action. Nice exercising of free speech – if you don’t like what’s written then try and sue the author, even if what is written is not libellous in any way…

http://www.blog.thesietch.org/2008/09/19/virgin-atlantic-threaten-to-sue-arse-off-the-sietch/

In the “free” world debate is not permitted, so it seems.

Keith

]]> By: Paul Charles http://simpliflying.com/2008/why-virgin-atlantic-airways-is-not-on-the-brink-of-collapse/comment-page-1/#comment-319 Paul Charles Tue, 16 Sep 2008 09:28:46 +0000 http://simpliflying.com/?p=396#comment-319 It must be BA putting rumours around that Virgin Atlantic is on the brink of collapse! What a load of rubbish from our rival that loses more passenger bags than any other airline in Europe. Virgin Atlantic is in strong shape. In anticipation of the global downturn, we took action two years ago. We deferred aircraft deliveries, examined our cost base, ensured our fuel hedging was in the right place, and started building up cash. We have over £600m (over $1 billion) cash in the bank. We have a very strong management team that has been through downturns in the industry before. Virgin Atlantic is 25 years old next year - it's in a strong position to ensure it remains one of the fittest airlines around. Paul Charles Director of Communications Virgin Atlantic It must be BA putting rumours around that Virgin Atlantic is on the brink of collapse! What a load of rubbish from our rival that loses more passenger bags than any other airline in Europe. Virgin Atlantic is in strong shape. In anticipation of the global downturn, we took action two years ago. We deferred aircraft deliveries, examined our cost base, ensured our fuel hedging was in the right place, and started building up cash. We have over £600m (over $1 billion) cash in the bank. We have a very strong management team that has been through downturns in the industry before. Virgin Atlantic is 25 years old next year – it’s in a strong position to ensure it remains one of the fittest airlines around.
Paul Charles
Director of Communications
Virgin Atlantic

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