' Virgin atlantic wants a loan / Richard Branson '

It would strange if Branson paid tax in the UK, he hasn’t lived here for 14 years.

It would strange if Branson paid tax in the UK, he hasn’t lived here for 14 years.

he is just todays guy fawkes to be burnt on the bonfire.
tomorrow it moves on and the thoughtless pointers will have someone new..

https://www.change.org/p/boris-johnson- ... n-gb%3Av12

Very rarely sign petition but this is a must for me.

Forget about Branson
Some numbers regarding Virgin Atlantic, based on Dec 2018 figures:
- £2.7b turnover = £0 VAT (zero-rated)
- Operating profit of -£45m = £0 corporation tax (because they were loss making, presumably they paid 20% tax on past profits of £150-200m and aim to get back to this)

Howver
- Salaries of £407m = £81m PAYE (20% base rate, some will be higher rate of course so this is low estimate) + £8.1m (2% national insurance)
- Air passenger duty (£150 per UK outbound long-haul flight) x 5.19m passengers (2018, Statistica) = £778.5m

Total: £867.6m tax contributions per year

Most of the media coverage I've seen looks to be about Richard Branson, but it feels like lazy journalism. Surely it's not about him, it's about saving 8571 jobs which contribute £407m directly into the UK economy and a further £867.6m in tax to HMRC.

That’s a big hole in the economy if VIrgin are allowed to fail.

Some one else will step up to the mark if there demand. No need to worry about that.

Some one else will step up to the mark if there demand. No need to worry about that.

easy as that abracadabra..

Never said easy. But once upon a time there was no VA and now there is. There’s plenty of people with enough money to capitalise on it. I dare say mr Branson himself.

This virus has brought out the best in a lot of people but the worst in others,unfortunately if it did go through lots of redundancies and lots of sad people who have booked with them.

nobody really cares mate as long as todays witch gets burned at the stake.

Forget about Branson
Some numbers regarding Virgin Atlantic, based on Dec 2018 figures:
- £2.7b turnover = £0 VAT (zero-rated)
- Operating profit of -£45m = £0 corporation tax (because they were loss making, presumably they paid 20% tax on past profits of £150-200m and aim to get back to this)

Howver
- Salaries of £407m = £81m PAYE (20% base rate, some will be higher rate of course so this is low estimate) + £8.1m (2% national insurance)
- Air passenger duty (£150 per UK outbound long-haul flight) x 5.19m passengers (2018, Statistica) = £778.5m

Total: £867.6m tax contributions per year

Most of the media coverage I've seen looks to be about Richard Branson, but it feels like lazy journalism. Surely it's not about him, it's about saving 8571 jobs which contribute £407m directly into the UK economy and a further £867.6m in tax to HMRC.

That’s a big hole in the economy if VIrgin are allowed to fail.

Youre wasting your time my friend..myopia reigns here.

Forget about Branson
Some numbers regarding Virgin Atlantic, based on Dec 2018 figures:
- £2.7b turnover = £0 VAT (zero-rated)
- Operating profit of -£45m = £0 corporation tax (because they were loss making, presumably they paid 20% tax on past profits of £150-200m and aim to get back to this)

Howver
- Salaries of £407m = £81m PAYE (20% base rate, some will be higher rate of course so this is low estimate) + £8.1m (2% national insurance)
- Air passenger duty (£150 per UK outbound long-haul flight) x 5.19m passengers (2018, Statistica) = £778.5m

Total: £867.6m tax contributions per year

Most of the media coverage I've seen looks to be about Richard Branson, but it feels like lazy journalism. Surely it's not about him, it's about saving 8571 jobs which contribute £407m directly into the UK economy and a further £867.6m in tax to HMRC.

That’s a big hole in the economy if VIrgin are allowed to fail.

Youre wasting your time my friend..myopia reigns here.

They wont fail, with Delta biggest airline in the world Air France and Klm, and of course Virgin being the shareholders. Why have the shareholders, not asked their respective governments for a loan, especially Delta (49%) There are a lot more than the 8571 virgin jobs that are at risk, and the government are supporting many companies that do not have the backing that Virgin atlantic has, and they contibute a lot more to the economy than virgin!

Forget about Branson
Some numbers regarding Virgin Atlantic, based on Dec 2018 figures:
- £2.7b turnover = £0 VAT (zero-rated)
- Operating profit of -£45m = £0 corporation tax (because they were loss making, presumably they paid 20% tax on past profits of £150-200m and aim to get back to this)

Howver
- Salaries of £407m = £81m PAYE (20% base rate, some will be higher rate of course so this is low estimate) + £8.1m (2% national insurance)
- Air passenger duty (£150 per UK outbound long-haul flight) x 5.19m passengers (2018, Statistica) = £778.5m

Total: £867.6m tax contributions per year

Most of the media coverage I've seen looks to be about Richard Branson, but it feels like lazy journalism. Surely it's not about him, it's about saving 8571 jobs which contribute £407m directly into the UK economy and a further £867.6m in tax to HMRC.

That’s a big hole in the economy if VIrgin are allowed to fail.

Youre wasting your time my friend..myopia reigns here.

They wont fail, with Delta biggest airline in the world Air France and Klm, and of course Virgin being the shareholders. Why have the shareholders, not asked their respective governments for a loan, especially Delta (49%) There are a lot more than the 8571 virgin jobs that are at risk, and the government are supporting many companies that do not have the backing that Virgin atlantic has, and they contibute a lot more to the economy than virgin!

The deal with KLM/Air France fell through they have no shareholding in Virgin.
Branson retains a 51% Stake.
Delta have received a $5.4 billion bailout from the US government.
Delta have 900 aircraft fleet and 86000 employees so their cash burn is through the roof , so their own self preservation will be at the forefront of their minds , Virgin will be last of their worries at this moment in time.
Forget about Branson and look at the bigger picture.

Forget about Branson
Some numbers regarding Virgin Atlantic, based on Dec 2018 figures:
- £2.7b turnover = £0 VAT (zero-rated)
- Operating profit of -£45m = £0 corporation tax (because they were loss making, presumably they paid 20% tax on past profits of £150-200m and aim to get back to this)

Howver
- Salaries of £407m = £81m PAYE (20% base rate, some will be higher rate of course so this is low estimate) + £8.1m (2% national insurance)
- Air passenger duty (£150 per UK outbound long-haul flight) x 5.19m passengers (2018, Statistica) = £778.5m

Total: £867.6m tax contributions per year

Most of the media coverage I've seen looks to be about Richard Branson, but it feels like lazy journalism. Surely it's not about him, it's about saving 8571 jobs which contribute £407m directly into the UK economy and a further £867.6m in tax to HMRC.

That’s a big hole in the economy if VIrgin are allowed to fail.

Youre wasting your time my friend..myopia reigns here.

They wont fail, with Delta biggest airline in the world Air France and Klm, and of course Virgin being the shareholders. Why have the shareholders, not asked their respective governments for a loan, especially Delta (49%) There are a lot more than the 8571 virgin jobs that are at risk, and the government are supporting many companies that do not have the backing that Virgin atlantic has, and they contibute a lot more to the economy than virgin!

The deal with KLM/Air France fell through they have no shareholding in Virgin.
Branson retains a 51% Stake.
Delta have received a $5.4 billion bailout from the US government.
Delta have 900 aircraft fleet and 86000 employees so their cash burn is through the roof , so their own self preservation will be at the forefront of their minds , Virgin will be last of their worries at this moment in time.
Forget about Branson and look at the bigger picture.

Wrong.
Delta own 49%
Branson 20%
Air France/KLM 31%
Look it up

Forget about Branson
Some numbers regarding Virgin Atlantic, based on Dec 2018 figures:
- £2.7b turnover = £0 VAT (zero-rated)
- Operating profit of -£45m = £0 corporation tax (because they were loss making, presumably they paid 20% tax on past profits of £150-200m and aim to get back to this)

Howver
- Salaries of £407m = £81m PAYE (20% base rate, some will be higher rate of course so this is low estimate) + £8.1m (2% national insurance)
- Air passenger duty (£150 per UK outbound long-haul flight) x 5.19m passengers (2018, Statistica) = £778.5m

Total: £867.6m tax contributions per year

Most of the media coverage I've seen looks to be about Richard Branson, but it feels like lazy journalism. Surely it's not about him, it's about saving 8571 jobs which contribute £407m directly into the UK economy and a further £867.6m in tax to HMRC.

That’s a big hole in the economy if VIrgin are allowed to fail.

Youre wasting your time my friend..myopia reigns here.

They wont fail, with Delta biggest airline in the world Air France and Klm, and of course Virgin being the shareholders. Why have the shareholders, not asked their respective governments for a loan, especially Delta (49%) There are a lot more than the 8571 virgin jobs that are at risk, and the government are supporting many companies that do not have the backing that Virgin atlantic has, and they contibute a lot more to the economy than virgin!

The deal with KLM/Air France fell through they have no shareholding in Virgin.
Branson retains a 51% Stake.
Delta have received a $5.4 billion bailout from the US government.
Delta have 900 aircraft fleet and 86000 employees so their cash burn is through the roof , so their own self preservation will be at the forefront of their minds , Virgin will be last of their worries at this moment in time.
Forget about Branson and look at the bigger picture.

Wrong.
Delta own 49%
Branson 20%
Air France/KLM 31%
Look it up

Err no

https://www.aviationnews-online.com/air ... -atlantic/

The deal was scrapped.

You might want to look it up to keep up with events.

Forget about Branson
Some numbers regarding Virgin Atlantic, based on Dec 2018 figures:
- £2.7b turnover = £0 VAT (zero-rated)
- Operating profit of -£45m = £0 corporation tax (because they were loss making, presumably they paid 20% tax on past profits of £150-200m and aim to get back to this)

Howver
- Salaries of £407m = £81m PAYE (20% base rate, some will be higher rate of course so this is low estimate) + £8.1m (2% national insurance)
- Air passenger duty (£150 per UK outbound long-haul flight) x 5.19m passengers (2018, Statistica) = £778.5m

Total: £867.6m tax contributions per year

Most of the media coverage I've seen looks to be about Richard Branson, but it feels like lazy journalism. Surely it's not about him, it's about saving 8571 jobs which contribute £407m directly into the UK economy and a further £867.6m in tax to HMRC.

That’s a big hole in the economy if VIrgin are allowed to fail.

Youre wasting your time my friend..myopia reigns here.

They wont fail, with Delta biggest airline in the world Air France and Klm, and of course Virgin being the shareholders. Why have the shareholders, not asked their respective governments for a loan, especially Delta (49%) There are a lot more than the 8571 virgin jobs that are at risk, and the government are supporting many companies that do not have the backing that Virgin atlantic has, and they contibute a lot more to the economy than virgin!

The deal with KLM/Air France fell through they have no shareholding in Virgin.
Branson retains a 51% Stake.
Delta have received a $5.4 billion bailout from the US government.
Delta have 900 aircraft fleet and 86000 employees so their cash burn is through the roof , so their own self preservation will be at the forefront of their minds , Virgin will be last of their worries at this moment in time.
Forget about Branson and look at the bigger picture.

Wrong.
Delta own 49%
Branson 20%
Air France/KLM 31%
Look it up

Err no

https://www.aviationnews-online.com/air ... -atlantic/

The deal was scrapped.

You might want to look it up to keep up with events.

Ok my appologies. I read a different report to you.
But its still 49% American owned. Go to them for a bail out.
Richard Branson couldn't give a shit about any of us on here. He's tucked away on his luxury tax free island raking it all in.
His air fares go up and up.
But all of a sudden its gone tits up and now expects a loan of £500 million.
I used to like him and what he's achieved.
Not any more, he's just one greedy billionaire.
As far as i'm concerned he can go bust!
We need to look after all the small/ medium businesses in UK first. Without them its a disaster.
We can live without Virgin!

He sued the NHS, so bollocks to him.

They settled out of court......which suggests he may have right!!

Great post from NorthWalesBlue. Why are people so blinkered in their opinions?

Some people are indeed very blinkered.

"I own a bank but don't actually have any money."

94115253_10159762970549942_6168962811163574272_o.jpg

You do not have the required permissions to view the files attached to this post.

Spot on mate.. the money in the bank is not his.

Forget about Branson
Some numbers regarding Virgin Atlantic, based on Dec 2018 figures:
- £2.7b turnover = £0 VAT (zero-rated)
- Operating profit of -£45m = £0 corporation tax (because they were loss making, presumably they paid 20% tax on past profits of £150-200m and aim to get back to this)

Howver
- Salaries of £407m = £81m PAYE (20% base rate, some will be higher rate of course so this is low estimate) + £8.1m (2% national insurance)
- Air passenger duty (£150 per UK outbound long-haul flight) x 5.19m passengers (2018, Statistica) = £778.5m

Total: £867.6m tax contributions per year

Most of the media coverage I've seen looks to be about Richard Branson, but it feels like lazy journalism. Surely it's not about him, it's about saving 8571 jobs which contribute £407m directly into the UK economy and a further £867.6m in tax to HMRC.

That’s a big hole in the economy if VIrgin are allowed to fail.

Youre wasting your time my friend..myopia reigns here.

They wont fail, with Delta biggest airline in the world Air France and Klm, and of course Virgin being the shareholders. Why have the shareholders, not asked their respective governments for a loan, especially Delta (49%) There are a lot more than the 8571 virgin jobs that are at risk, and the government are supporting many companies that do not have the backing that Virgin atlantic has, and they contibute a lot more to the economy than virgin!

yes there are a lot more than the 8571 jobs at stake. and we in South Wales should know better than anyone how many other jobs are effected when a big employer goes .. but eh oh never mind the employees.. never mind that even when losing money VA has a big contribution to the government purse...its branson bashing day...

Not particularly aimed at Virgin Atlantic who are my preferred airline even if it costs a few quid more, but there will be huge excessive capacity in long haul and probably short trips over the next year.

Transatlantic routes are profitable, but I can't see my company allowing intercontinental flights any time soon and i won't be thinking of travelling long haul until a vaccine or a recognised and freely available "cure" is found. The cure from dying will be a start, but we are many months (quarters) away from that although there are promising trials starting worldwide.

A genuine collateral loan with the government at the top of creditors if it does goes bust seem appropriate, but its a gamble. I guess that most of the planes are leased and they do own precious slots at LHR, but what are their genuine assets ?

The world has changed, its a question of what we return to. I love my winter holidays in the sun and Florida is my favourite place but my wife and I have already wrote off next Christmas or Easter as well as this summer even driving into Europe. I doubt we'll leave South Wales.

My hierarchy of flying is Virgin, Delta, KLM, United.............then lastly BA. But BA is very well run and had a bundle of cash and fly's short and long haul. Norwegian were in trouble before this and this pandemic will shred a few more. But, the planes will go into storage or leased to the survivors and allow the older planes get replaced. Then when demand returns there will be an opportunity for new entrants.

What happens if the government make the loan then they lay off half their staff just to survive ? Because thats what they will need to do.