Bay Capital Share Discussion Threads

[schosam] 21/4/2010 22:17

watched it the other night on discovery? you're right, bloody awful.

[setanta3] 21/4/2010 21:36

willie is a hero!

[horus22222] 21/4/2010 20:38

To WW@BA from your friend GB, we will give you compo if you sort out the strike by giving Unite some of their demands and perks back.

To unite we have got you an improved offer from BA including enhanced pay this includes improved future pay, BA has had to disguised the improved future pay bit, but it is guaranteed. So accept the BA offer which we have funded. This way you and your members get a large chunk of their labour party contributions back in enhanced pay.

So in simple terms BA gives your members more money, therefore they are happy to give you more money as you negotiated this with BA. (increased contributions)
You in tern give us more money from your larger contributions.
We then give BA more money to pay for the whole thing.
The clever bit is, we all make a killing as it's the tax payer's money and it costs us nothing. "Simples"

[bartram] 21/4/2010 19:40

Brown & Blair were quick to offer £150m state aid package to MG Rover in the middle of the last election - perish the thought that it was a political stunt at the time.

[alanrex] 21/4/2010 18:47

horus-that makes theCAA and NATS liable right? i understand that NATS are not a govt agency and have few assets. i.e. not enough money


here is the ownership structure..id love to see the airlines largely sue themselves..

Legal Status and Ownership
NATS Holdings Ltd is the holding company for NATS Group. It owns NATS Ltd, which in turn owns two operating subsidiaries: NATS (En-Route) plc (NERL) and NATS (Services) Ltd (NSL). The Airline Group Ltd, a consortium of seven airlines, has the majority of voting rights and 41.9% of the shares of NATS Holdings Ltd. The Secretary of State for Transport owns 48.9%, BAA plc 4.2%; and NATS Employee Sharetrust Ltd 5%.
ALL IMO DYOR

[nofool] 21/4/2010 18:18

steveglobal4 - 21 Apr'10 - 10:09 - 4347 of 4370

def falling, no more good news left,




Smart bit of trading Steve. Good to see you ignored "the noise".

[horus22222] 21/4/2010 17:46

It makes no difference what anyone thinks about tax payer's money being used for bailouts and in general I don't agree with them.
As the transport minister has said the total closure was an overreaction by some agencies they have left it open for legal action or compo. Makes no difference if it's the airlines or any other business, if someone makes a mistake that cost you money then you are entitled to compensation.

[dancing piranha] 21/4/2010 17:38

According to my friend who is a BA long haul captain, there is a vote tomorrow for the cc, on the next strike dates?

After the sufferance of all the airlines over the last week surely they are not going to vote for another strike?!?!? If they do they should be rounded up in the centre of Hyde Park and stoned!!

[alanrex] 21/4/2010 17:10

I suspect the UK govt doesnt want to give money to BAY etc given the election coming up, and also especially as there were so many other related businesses which were impacted. Its the EU fund I worry about given that some of the european companies are more used to govt subsidies. the only consolation i draw is that the fund is limited, there are many companies impacted and i reckon that many of the firms will get a lot less than then hope for if any at all..

all imo dyor

[anony mous] 21/4/2010 16:55

There is a compensation culture in the UK.

[volsung] 21/4/2010 16:51

Capitalism is dead. The bigger you are the more compo you'll receive from taxpayers. Goldman Sachs and the rest know how the system works LOL

[alanrex] 21/4/2010 16:40

masureguy - I completely agree. I think the UK govt have already said no effectively, its the european fund that people are looking to. I sincerely hope there is compensation. as investors we take risks, we dont ask for bailouts if things go wrong like my pc crashing etc.

[masurenguy] 21/4/2010 16:32

NO COMPENSATION FOR THE AIRLINES !

For goodness sake we'll next be expected to compensate retailers for lost sales due to bad weather, recording artistes for pirated music over the internet and motorists delayed by roadworks !

We've already bailed out the banks and subsidized the motor industry. At this rate we end up with state ownership of everything and Big Brother Brown looking down at us from every poster site in the country.

Capitalism is about risk taking and you have to take the rough with the smooth !
Tell 'em all to put their prices up to recoup their losses and those that use 'em pay and those who don't won't - simple and fair equation !

[anony mous] 21/4/2010 16:23

Travel companies have described the Government's response to the Icelandic volcano as a "shambles".

Tui Travel, which includes Thomson and First Choice, said there was was "no clear reason" for the blanket ban on flights over the UK.

The companies also said the Government did not have a clear plan to return travellers and holidaymakers home.

Peter Long, chief executive of Tui Travel, said: "The Government's response to the crisis has been a shambles.

"It is clear that they under-estimated the severity of the consequences of the decision for a blanket closure of the airspace for such a protracted period of time.

Steve Ridgway, chief executive of Virgin Atlantic Airways, said airlines should be compensated.

Mr Ridgway told BBC Radio 4's World at One programme: "It was totally unforeseen, so yes, there will need to be some kind of compensation to deal with the impact it's going to have now and going forward."

Willie Walsh, chief executive of British Airways, insisted yesterday a blanket ban should not have been imposed.

As the flight ban backlash continues, Heathrow says 90% of flights will be operating from the airport today and the hub will be at full capacity tomorrow.

[volsung] 21/4/2010 16:16

Should I add to my small short or just leave it be?

[alanrex] 21/4/2010 16:15

thanks for that.

im 'impressed' at how well the ba share price has held up, in fact equities generally seemm quite toppy especially with a gen. election and possible hung parliament!

[exbacrew] 21/4/2010 16:07

Alanrex - Tony Woodley and Derek Simpson outlined a document that has been the subject of negotiation between themselves and CEO Willie Walsh accompanied by People Director Tony McCarthy. The document outlined a potential proposal to settle the current dispute and a way forward for the future. However not all of the areas were clearly worded and subject to interpretation and therefore further clarity has been sought. When the Union have received that clarity they shall publish the entire document, until then nobody knows what the terms are.

[alanrex] 21/4/2010 14:07

exbacrew - Would you say the terms are better or worse than the ones offered before?

[exbacrew] 21/4/2010 13:10

Petralva - havent heard anything from the Union boys (as you say) because they said a week ago that they were holding more talks with BA and that they would report back on Tuesday evening (yesterday) - which they duly did.

[maximillian1] 21/4/2010 12:26

Having sold last ticket for a tidy premium ,this morning,have again bought at 233.80 ,for a new high destination ..this afternoon..
Captain awaiting clearance from US,but confident of take off soon...

[schosam] 21/4/2010 11:11

the recent events will have an impact in the future: many will not be that keen to fly, they won't receive any compensation, and the maintenance costs will rise. also, lets not forget this has cost a fortune so far, and can happen again at any time.