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Company Watch - Virgin Group.


Aug 20, 2007

Virgin America Virgin America is a U.S. based low-cost airline that began service on 8 August 2007. The airline's stated aim is to provide low-fare, high-quality service for "long-haul point-to-point service between major metropolitan cities on the Eastern and West Coast seaboards".  increases competition on some routes. Virgin America's entry into the U.S. commercial air travel market may force some airlines to cut ticket prices to stay competitive, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 some industry observers. Others say the impact may be slight, as the new carrier's flights are on routes with brisk traffic and plenty of room for another airline. Aug 13, 2007

Virgin Atlantic reported this week that its profit for its fiscal year ended Feb. 28 dropped 89% to [pounds sterling]6.6 million ($13.2 million) from [pounds sterling]60.3 million in the prior year. It blamed much of the fall on losses at Virgin Nigeria, in which it has a 49% stake. The African carrier posted a loss of [pounds sterling]40 million for the year, widened from [pounds sterling]33 million in the prior year. VA's revenue increased 15% to [pounds sterling]2.2 billion. "Our profits would have been higher had it not been for the frustrating frus·trate  
tr.v. frus·trat·ed, frus·trat·ing, frus·trates
1.
a. To prevent from accomplishing a purpose or fulfilling a desire; thwart:
 external issues many airlines have had to cope with, such as increased oil prices," parent Virgin Group Chairman Richard Branson Sir Richard Charles Nicholas Branson (born 18 July 1950 (1950--) (age 57) in Shamley Green, Surrey, England), is a British entrepreneur, best known for his Virgin brand of over 360  said. Aug 17, 2007

Lufthansa says that it will look at new business class only routes ahead of potential competition to Germany by Virgin Atlantic and British Airways British Airways
 in full British Airways PLC

International passenger airline based in London. In 1936 British Airways Ltd. was founded through the merger of three smaller airlines.
 (BA) The German carrier has the chance to expand its dedicated premier class offering as it is to replace the existing business-class only service from Dusseldorf to Newark and Chicago using two PrivatAir Airbus A319s, with three A340-300s from May next year and adding Toronto. Aug 16, 2007

Boeing and Virgin Atlantic Airways airways Anatomy The 'pipes'–trachea, bronchi, bronchioles–through which air passes to and from the alveoli. See Small airways.  said today that the airline will use Boeing's Airplane airplane, aeroplane, or aircraft, heavier-than-air vehicle, mechanically driven and fitted with fixed wings that support it in flight through the dynamic action of the air.  Health Management system to monitor the in-flight condition of its 747-400 fleet. The announcement adds momentum to a growing partnership focused on reducing the environmental impact of air travel. In April, Boeing and Virgin Atlantic said they will work together to reduce fuel burn and cut aircraft emissions on the ground as well as developing sustainable biofuels suitable for commercial jet engines and the aviation industry. Aug 15, 2007

Virgin Atlantic's 13 Boeing 747-400s The Boeing 747-400 is the latest version of the Boeing 747 in service. The -400 series is the best selling and the most advanced model of the 747 family. The 747-400 is being replaced by the Boeing 747-8, expected to enter service in 2009.  will use Boeing's Airplane Health Management to gather and evaluate critical in-flight data on the real-time flying condition of the airplanes, information that can be used across the enterprise to identify and address efficiency issues. Airplane Health Management gives airlines significant insight as to the condition of airplanes in the sky, providing in-flight access to fuel-burn information so airlines can identify and correct problems that might be wasting fuel. Aug 15, 2007

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Publication:Airguide Online
Article Type:Company overview
Date:Aug 20, 2007
Words:510
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