29-03-2020, 11:42 AM
21
Re: Branson Bailout
Originally Posted by OldGreyFox
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It's air traffic that's got us into this mess in the first place. British Airways should be the one (if any) that any money should be invested. Branson's outfit can hardly be called 'British' anymore...Far too many people coming and going through our airports.
29-03-2020, 04:45 PM
22
Re: Branson Bailout
Originally Posted by The Artful Todger
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"British" Airways is now owned by a Spanish holding company. International Consolidated Airlines Group S.A.
29-03-2020, 04:47 PM
23
Re: Branson Bailout
Originally Posted by The Artful Todger
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"British" Airways is now owned by a Spanish holding company. International Consolidated Airlines Group S.A.
29-03-2020, 05:22 PM
24
Re: Branson Bailout
Originally Posted by OldGreyFox
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Well it's time we took it back! It's just disgraceful the way British companies are farmed out abroad...
When it was sold BA was a privately owned business. It had rightly been privatised, running businesses is not the job of government.
29-03-2020, 05:28 PM
25
Re: Branson Bailout
Originally Posted by Percy Vere
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It was part of the deal when BA merged with Iberia and since it's only for tax reasons.
This meant that the operating costs to be reduced per bum on seat which enabled a takeover offer that was just too good to pass up for shareholders.
29-03-2020, 06:39 PM
26
Re: Branson Bailout
Originally Posted by The Artful Todger
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Who are "we"?When it was sold BA was a privately owned business. It had rightly been privatised, running businesses is not the job of government.
Originally Posted by The Artful Todger
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Err, not tax reasons. It enabled the rationalisation of two businesses active in a largely common market so enabling the benefits that come with scale plus the sharing of airport "slots" meaning that some could be sold or leased.This meant that the operating costs to be reduced per bum on seat which enabled a takeover offer that was just too good to pass up for shareholders.
29-03-2020, 08:15 PM
27
Re: Branson Bailout
Originally Posted by OldGreyFox
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Yes, I can see your point Todger, good business, but perhaps flying has got too cheap and too many people are doing it. Globalism is killing us! in more ways than one.....
Does that last bit surprise you?
30-03-2020, 11:57 AM
29
Re: Branson Bailout
Originally Posted by The Artful Todger
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I also believe that flying be it "Ass or Trash" (Gawd but I've mixed with some awful people!) has become too cheap we I am fervently opposed to the advent of Globalism.Does that last bit surprise you?
30-03-2020, 12:38 PM
30
Re: Branson Bailout
Originally Posted by marciniak
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Help if offered to the self employed, but I am informed it will be a loan that has to be repaidSo will the Virgin plan, for a government bail out also be repayable with interest.
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