VS selling a couple of Dreamliners

So, it looks like VS are selling a couple of the Dreamliners to free up some cash...


https://news.sky.com/story/virgin-atlan ... d-12155513

That's true, although this is a sale and leaseback. The aircraft will still be in the VS fleet, they'll just be owned by a leasing company. easyJet did a similar thing earlier in the year, I think it's quite a useful way to generate some cash.

[mitchja]

G-VDIA & G-VNYL are the 2 789’s in question.

This does mean though that VS don’t own any of their A/C now.

BA also did this with a package of aircraft.

Mortgaged 48 aircraft for $750 million

VS still own several 35Ks

BA also did this with a package of aircraft.

Mortgaged 48 aircraft for $750 million

easyJet have also done something similar. Seems to be a tactic with some airlines to raise cash, especially during this pandemic where cash coming in is below typical levels.

I would be a bit concerned if there's a point in the future where cash needs to be raised again, but hopefully it won't come to that.

According to a piece over on Head for Points VS are also selling some wine stocks.

https://auctions.globalassetsolutions.c ... al5-10107/

According to a piece over on Head for Points VS are also selling some wine stocks.

https://auctions.globalassetsolutions.c ... al5-10107/

It's no Cloudy bay!