Virgin Airlines ? any ideas ?

[rogespeed]

Keeping in mind:

Virgin Airlines is basically worthless as per the market price of the holding company that owns it:  Virgin Australia Holdings LTD

 share price is less than 1 cent ,

compared with Qantas being valued 355x more at $3.55 per share 

What about dividends ? none paid , appears never has. 

Also a major share holder HNA Group (19.82%)  is being nationalised by "CHINA INC" who have the expressed  objective of selling all airline assets which would include Virgin Australia Holdings 

Somewhat shakey some might say.

so what about worthiness of support , the history ?

Questions of interest .. how did a new airline establish itself after a pioneering Australian airline company on home ground  ( Ansett Airways/ Ansett Australia) fail dismally ? 

A solution that will placate everyone and result in financially viable trading for all airlines based here is in everyones interest.

 https://en.wikipedia.org/wiki/Virgin_Australia

https://en.wikipedia.org/wiki/Virgin_Australia_Holdings

https://www.bing.com/search?q=Virgin+Australia+holdings+LTD&FORM=ANCMS9&PC=U531

https://www.bing.com/search?q=qantas+shares&FORM=AWRE

https://www.bloomberg.com/news/articles/2020-02-19/china-said-to-near-takeover-of-hna-group-as-virus...

[eol-products]

Qantas did not pay any income tax from 2009-2018.

[rogespeed]

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@eol-products wrote:

Qantas did not pay any income tax from 2009-2018.

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Yeah I read about that - have noticed the Govt will only deal with both airlines at the same time - wonder what it would take to apply a small tax rate to gross earnings,  like 0.25% - at least then they can all say they pay earnings related tax , even if they declare nett break-even or losses  

[rogespeed]

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@rogespeed wrote:

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@eol-products wrote:

Qantas did not pay any income tax from 2009-2018.

---

Yeah I read about that - have noticed the Govt will only deal with both airlines at the same time - wonder what it would take to apply a small tax rate to gross earnings,  like 0.25% - at least then they can all say they pay earnings related tax , even if they declare nett break-even or losses  

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0.25% to much ...... would you believe 0.0001% of operating revenue

[eol-products]

I see airlines to be nothing but a public transport service which as we know don't make money.

I have seen news articles this morning saying Chinese Government owned airlines are potentially looking at Virgin now. With all the different stories around who knows if there is any truth but at least all those against our Government helping will be happy it won't cost us anything in the short term.

[jetho1680]

News reports this morning state that the Qld government has offered Virgin $200m.

[eol-products]

Mention of them moving to Melbourne must have helped.

It's a shame as it used to be an Australian owned company before other airlines bought into them for their own agenda's.

[eol-products]

You may not have realised the share price is $0.086 so $726m.

[rogespeed]

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@eol-products wrote:

You may not have realised the share price is $0.086 so $726m.

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I did mention the share prices in a previous reply , anyhow

I would like a piece of that action in the likely event that they survive and hopefully flourish - Qantas shares are over 300 cents each 

looks like "republic" China is going to buy HNA Group, a wheeling & dealing conglomerate with interests in but not exclusive to Chinese and International aviation, who has financially shot itself in the foot by overexposure to debt , and sell off their aviation assets , so about 20% of Virgin Holdings might be be up for purchase 

[rogespeed]

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@eol-products wrote:

Mention of them moving to Melbourne must have helped.

It's a shame as it used to be an Australian owned company before other airlines bought into them for their own agenda's.

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After ten years the founder got out , working as CEO, - at that time VirginBlue/Airlines declared a larger profit than Qantas ( I think the UK Virgin Group was more or less a silent partner - i think certainly bankrolled the startup with $10 million , which increased in value once listed to $2,300 Million -  a tidy sum in 2003 )  

https://en.wikipedia.org/wiki/Brett_Godfrey

so what went financially  wrong  for then or is it an accounting illusion ? 

[eol-products]

Other airlines got invloved and from what I have read personal egos of those running them. Whatever Virgin would do Qantas would try and one up them. At one point they had a capacity war which gave us cheap seats but cost each of them millions a day. I think this ended in 2014.