My Bio and This Blog's Purpose

Sunday, August 9, 2020

The Brightline-Virgin alliance is over

So, the partnership between Virgin and Brightline is over as of July 29. It is worth noting that Sir Richard Branson's had a horrible year: Virgin Trains exited the UK at the end of last year after it was stripped of its route over pension issues, and more recently, Virgin Atlantic filed for Chapter 15 bankruptcy due to the fallout over COVID-19.

I don't know if this is about Fortress Investment Group wanting to distance itself from Virgin's troubles, a blowup between the two entities over the latter never investing in Brightline or something else, but this could be a blow to the New Passenger Paradigm.