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Virgin Atlantic Airways CEO Steve Ridgway on investing in the company’s fleet, and the outlook for business travelers.
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Battle for air supremacy is getting fierce and Virgin Atlantic Airways is launching a multi billion dollar plan to dominate the skies and a -- is now investing heavily.
In long range fuel efficient aircraft and its banking on its higher paying customers the business class right now.
Joining us now -- -- Fox Business exclusive interview Steve -- the CEO of virgin Atlantic and mr.
apparently say that he says is hedge fund conference where a lot of people aren't really worried about Europe's issues in troubles.
Spain Greece is Portugal next how does that affected Virgin Atlantic well I think.
The environment in Europe is that that's it's tough the the UK is not -- Europe so we've got a very competitive exchange rate was standing -- you're -- business.
Trying to respond to that wanting to respond -- which is why what we're doing.
Which is can continuing to invest an -- as you say we've got a whole lot of new aircraft coming.
Fuel efficient aircraft that's a great showcase a vigilante with new cabins -- flat beds and all the things that.
Passengers -- come to expect from us in terms of innovation.
You're very diplomatic current nonstick I I guess he would say you -- -- the dreamliner and the Airbus 330 -- Yep we've got he's attending she says he's arriving in the next fifteen months and then we wanted to launch customers for the seven -- seven dreamliner which we can't wait to get but.
Voting have to build them right if you have to pick somebody held -- -- and said pick between the two this is all you're gonna add.
Outfit your fleet and Boeing or Airbus.
Well we've always had both types of their crop is that difference -- -- have different market sizes different capabilities so.
-- we've been a great fan of for -- in terms of a simple sentence and -- -- The business traveler for the coming back.
Actually I think they are I think companies is saying you've got to go out there and do business the banks are traveling.
And so -- she was seeing good performance on the on up across the moment.
It's tough everybody's fighting very hard travel managers are being very tough in terms of the rates -- Paper that's why do we need to be top -- the list until the choice and I've announce today that we gonna put a six flight back into New York.
-- have 6080 -- some really really could change of -- for out of -- thanks to out of -- and that seems have gone down very well have been around the time State's open to -- customers.
Now if you look at the -- part of this.
-- here you see a bunch stopping before you get to the United States that's the -- -- the end.
You obviously have a very strong Caribbean businesses that perhaps helping to mask the other issues that you have make it's like to a Spain or in Athens Greece.
And what we -- a long haul carrier we fly to the world's great this is couples out of Heathrow in 2000 thirds of our business.
He's out of Heathrow large proportions that the US and then equally to.
Africa the Middle East in the Far East and then we have a very successful leisure business which as you say does -- the Caribbean but critically with a with a number one mission carried out of the UK it's places like Orlando at the -- they can say that's a different part of our business but again an important one.
And finally the deal breaker somebody's deciding between your -- another one has to be that the Little Richard ice cubes the I think the face of pat Richard Branson -- -- Well that's a bit of -- isn't it actually the real substance is about the service we provide on these -- that croft and.
People come and trust trying to trying to present -- thank Steve Ridgway CEO of Virgin Atlantic -- six flight -- in New York thank you so much thank you is yeah.
