Bankrupt Banker: Virgin Atlantic Risks Plane Seizures

Virgin Atlantic Risks Plane Seizures After Mounting Pressure On BAA - WSJ.com

<a href="http://www.amazon.com/Virgin-Atlantic-John-Balmforth/dp/1857803035?ie=UTF8&tag=cosdelcri-21&link_code=bil&camp=213689&creative=392969" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;" target="_blank"><img alt="Virgin Atlantic" src="http://ws.amazon.com/widgets/q?MarketPlace=US&ServiceVersion=20070822&ID=AsinImage&WS=1&Format=_SL160_&ASIN=1857803035&tag=cosdelcri-21" /></a>UPDATE: Virgin Atlantic Risks Plane Seizures After Mounting Pressure On BAA - WSJ.com: "Virgin Atlantic <img alt="" border="0" height="1" src="http://www.assoc-amazon.com/e/ir?t=cosdelcri-21&l=bil&camp=213689&creative=392969&o=1&a=1857803035" style="border: none !important; margin: 0px !important; padding: 0px !important;" width="1" />is risking having some aircraft seized after the airline Monday said it wouldn't pay any airport fees at Heathrow until the end of March because airport operator BAA Ltd. had handled recent heavy snowfall so badly. 
 
The long-haul airline, 51% owned by Richard Branson's Virgin Group and 49% by Singapore Airlines (C6L.SG), is the latest carrier to voice anger over the way BAA, owned by Spain's Ferrovial SA (FER.MC), handled the snowfall in December. 
 
Airlines at Heathrow experienced severe delays and cancellations for several days after BAA struggled to clear a single, heavy fall of snow the Saturday before Christmas. Businesses and passengers criticized BAA after thousands of flights were cancelled and hundreds of thousands of passengers were stranded. U.K. lawmakers are now preparing legislation that will penalize airport owners for poor service and allow the U.K. air regulator to step in and demand better services. Airport owners could face fines or even risk losing their licenses under the plans. 
 
British Airways PLC (BAY.LN) last week said it had suffered eight days of disruptions due to the snowfall, costing the airline GBP50 million. It had 34 long-haul aircraft out of position on the first day of disruptions."

Virgin Atlantic Risks Plane Seizures After Mounting Pressure On BAA - WSJ.com

UPDATE: Virgin Atlantic Risks Plane Seizures After Mounting Pressure On BAA - WSJ.com: "Virgin Atlantic is risking having some aircraft...