| Business Summary | | Virgin
Express
Holdings
Plc
is
a
holding
company
that,
through
it
subsidiaries,
operates
European
low-fare
schedule
airlines,
providing
short-
to
medium-haul
jet
service
to
markets
principally
within
continental
Europe
from
the
Company's
base
in
Brussels.
Virgin
Express
has
grown
from
2,116
scheduled
flights
per
month
in
December
1998
to
2,425
such
flights
in
December
1999.
As
of
December
31,
1999,
the
Company
provided
non-stop
service
between
Brussels
and
eight
European
cities:
London
(Heathrow,
Gatwick
and
Stansted),
Barcelona,
Rome,
Madrid,
Milan,
Nice,
Copenhagen
and
Shannon.
The
Company
also
operated
non-stop
services
between
Rome
and
each
of
Barcelona
and
Madrid
and
between
Shannon
and
London
(Stansted).
In
November
1999,
the
Company
introduced
non-stop
services
between
Berlin
and
each
London
(Stansted),
Brussels
and
Rome.
In
addition
to
these
scheduled
services,
Virgin
Express
also
operated
charter
service
from
Brussels
and
seasonally
from
Germany. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Virgin
Express
Holdings
plc
is
principally
engaged
in
the
operation
of
a
low-fare,
scheduled
airline,
providing
short-to
medium-haul
jet
service
to
markets
principally
within
continental
Europe
from
the
Company's
base
in
Brussels.
For
the
three
months
ended
3/31/01,
total
revenues
fell
11%
to
EUR53.1
million.
Net
loss
fell
72%
to
EUR3.8
million.
Results
reflect
a
decrease
in
charter
revenues,
offset
by
lower
operating
costs
due
to
a
restructuring
plan. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | David Hoare, 49 | Chairman | John Osborne, 50 | Managing
Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|