Member since 15 Mar 2017
Total posts 20
Member since 07 Oct 2012
Total posts 761
Depends... If the end result is an increase in SQ's ownership of VA, I would think it's a good thing.
Singapore Airlines - The PPS Club
Member since 14 Nov 2013
Total posts 40
I dont believe SQ will increase its holding, neither will Etihad. SQ has not performed well and this year alone some of its workforce were asked to work unpaid as in the past to assist the airline. Etihad also has its financial issues and has been linked into a merger with Emirates. I dont think VA is viable in Australia and if most of its major shareholders are also struggling i cant see anyone stepping in to assist them. QF is and will always be too big to fail here in Australia. Thats just my humble opinion.
Virgin Australia - Velocity Rewards
Member since 14 Mar 2017
Total posts 148
The company recently reported an underlying profit of $100m, it was only writedown's that made it look like a loss... and this is after competing with Qantas for market share, with some success, even on international routes. One assumes, on their current trajectory, that their next report will be profitable as well, so your claim seems a bit detached from reality.
Seems like we have one of these die hard VA supporters here. The post was referring to the attached article that speaks about the major shareholders of VA and wether they will support VA in the future. I would be worried if David Neeleman was looking to offload his shareholding in VA, the article makes a valid point. I dont claim anything, in fact i end my comment with its just my opinion. There's no need for put downs or insults, this forum is for opinions and if you dont agree with one its ok not to, i just fail to see the need or point for snide remarks. Fly the flag by all means, just do it with a bit of class.
Member since 15 Feb 2018
Total posts 151
VA International is restricted on the amount of foreign ownership it can have. VA Domestic is able to have 100% foreign ownership for some reason. The limit on VA International could create a problem for the airline.
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