Virgin Australia Airlines....

[Desiremakesmeweak]

Going through a re-branding program now that it is officially 'for sale:'

To - 'Just a little bit fucked Airlines.'

Sorry Richard. So much for your twinkling ice-blue eyes and the kind words each time we met at those Arthur Andersen do's.

 

[girlsmiley]

Administration.

Virgin Australia is 90 per cent owned by foreign shareholders.

"The government was not going to bail out 5 large shareholders with deep pockets who, together, own 90 percent of the airline."

 

[hobbit.]

Sir Richard 'tax exile' Branson? he who sued our NHS and owns a private island?

It is sad for the staff - but for him - no sympathy at all.

 

[girlsmiley]

Sir Richard 'tax exile' Branson? he who sued our NHS and owns a private island?

It is sad for the staff - but for him - no sympathy at all.

There is uncertainty for the 10,000-odd direct employees, of course.

Administration say wages will continue to be paid and there is no plan for redundancies.

It is my hope they come out stronger on the other side. I guess we'll see in the coming months.

 

[hobbit.]

Branson says, “By putting the employee first, the customer effectively comes first by default, and in the end, the shareholder comes first by default as well.”
Mar 22, 2017

or this chap.....

Ah, Richard Branson. We know he’s cuddly and radical because he does not wear a tie. However, he’s just completed a deal on Northern Rock that will enable asset-stripping worth £600 million.

Oh, and he’s trying to bust a union drive among American workers at Virgin’s airline business.

The US based Transport Workers Union have collected a petition for a union to be recognised at Virgin in America, that carries the signatures of a majority of the American workforce.
https://leftfootforward.org/2011/12/richard-branson-cuddly-union-buster/

 

[colddiesel]

40% of Virgin is owned by two Chinese airline groups, HNA and Nanshan. 20% by Etihad and 20% by Singapore with Branson on 10%. The Chinese might have the most reason to buy out some or all of the other shareholders. It could be dirt cheap considering the debt and employee liabilities will likely remain with the buyer.

The Administrator doesn't want to reduce staff and will look to a quick sale but the potential buyers will almost certainly look to cut back on costs and in a post virus slow market that will be difficult without redundancies.

The Chinese are in a relatively good position by emerging first into a post virus world. I can see them converting a lot of the government paper they hold into foreign company asset purchases - something that overseas companies would not be allowed to do in China. Don't know whether there will be any pushback, possibly not, considering that it is foreign owned already.

Makes Air New Zealand look pretty smart - they sold their 22.5% couple of years back.

 

[girlsmiley]

Branson says, “By putting the employee first, the customer effectively comes first by default, and in the end, the shareholder comes first by default as well.”
Mar 22, 2017

or this chap.....

Ah, Richard Branson. We know he’s cuddly and radical because he does not wear a tie. However, he’s just completed a deal on Northern Rock that will enable asset-stripping worth £600 million.

Oh, and he’s trying to bust a union drive among American workers at Virgin’s airline business.

The US based Transport Workers Union have collected a petition for a union to be recognised at Virgin in America, that carries the signatures of a majority of the American workforce.
https://leftfootforward.org/2011/12/richard-branson-cuddly-union-buster/

For some reason I can't see pictures or the scare video in the link you've provided.

I used to work for a company that were all about image. They actually used Richard Branson as an example. The big boss would tell the boys they get a lot of perks with their jobs and that's the reason their pay packets weren't great. They scheduled a meeting and in the meeting one of the workers said that perks weren't putting food on the table. He was basically told to fuck off if he didn't like it.

I left that job.

 

[hobbit.]

For some reason I can't see pictures or the scare video in the link you've provided.
.

you might be on a 5 eyes watch list

its probably something to do with copyright or something.