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JetBlue founder David Neeleman on Virgin Atlantic allowing in-flight cell phone calls and the benefits of venture capital from firms such as Bain Capi...
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And that you can use your pie in the sky your -- home that is British carrier Virgin Atlantic becoming the first airline to allow -- -- Cell phone calls but passengers can't make calls within 250 miles of the US do new FAA regulations.
Airlines here hoping that changes my next -- is the guy brought us live TV on -- Steve Newman the founder of jetBlue.
He's now -- -- -- Brazilian and.
It's Dave today do you think -- extremity and what is it is cell phone service -- -- It's it's mix yeah I mean there's a lot of you know if you have to call ahead your flight -- your.
Have you -- some when you're daughter's pregnant -- -- -- went through and find out if she had it in their allotted ER need to have it -- then you don't want some and gagged began having with their.
They're girlfriend for four hours next to you.
So I think there's moderation I think it's -- how does this have not doing it -- they have like their own little Wi-Fi zone on the plane.
-- yards from whatever added it basically.
There's only six people total that can use it.
So I'm there's certain it's it's a line a GPS and satellite so there's limited usage.
You know they're very well aware Virgin Atlantic is aware that they want people.
And screaming into their funds -- what I'm going to be next and I do and I have nothing stuff that I got so you know that that was always marked by.
This after that all this stuff does -- if you're potentially could interfere with the running of the plan now lives and I.
-- it doesn't mean I guide it wasn't -- of one year olds on that.
I can see was using his phone -- iPhone -- whatever two to record birds hitting the plane.
And in the airline jumped -- on and said you know what we're looking at.
Investigating why you're doing that when he was supposed to -- have that thing off.
Well I you know I think I've been down there are some of FA labs down in at Atlantic City and we've been down there -- -- -- scientists and you know -- -- There's no evidence that that has anything to do it and -- believe yourself funds under your -- it's -- -- -- you know there's a lot of people that are sneaking into the newspapers or whatever and it has an effective -- single flight yet.
I think they're just that they're just careful not to distract people during takeoff and landing right -- they -- to -- you use your funds during -- but we are in.
-- -- where we're we're we're we're we're we won't be in the block when we're flying right I mean whether it's devices -- -- they do you would have first -- out of you pay for months TV movies throughout the flight and then you know -- Internet and everything else so we're going to be able to do a -- -- it was a program.
Yeah I think it you know that -- my concept with TV is.
Flying with such horrible experience and so if I've been I have attention deficit -- I went crazy on airplanes so be great to kind of be entertained.
And make traveled to stay neutral experience you know destroyed isn't bad if it's positive I thought people would travel -- and really work for Jeb Bush of -- -- -- -- working for result is we just started TV like TV -- -- -- -- -- really bizarre -- -- TV to.
I don't wanna get -- there is still would you believe I do wanna get into a little bit of policies to Mitt Romney today under your big backer has.
There's a -- war on private capital.
It is what it's stated to be private capital but he is not close the argument.
That this is a good thing that that apparently what's winning out is that government money and government supported bailouts are better -- What's happen it's it's not -- you look at every great success story in the United States you know Google FaceBook.
JetBlue.
All backed by venture capital and private equity every -- one of them I mean is that.
You couldn't start a business -- -- states today.
If you were to go to like a bank and say how can you loan me money to start this business every there's a bank in the world quietly limited has sent us.
Because they wanna win an election I mean it's certainly not sinister what you did it depends on seems to swamp in terms of the president ordered.
People are -- suspicious and resentful.
Well there are a lot of people who are suspicious and resentful have -- -- because of private equity and I think it's just an education process I mean I think you know.
That there's so much polling data that goes on and people are trying to figure out.
OK people are discontent.
People out of work let's figure who we can attack the cigar who can be little let's figure who we can.
You know would drive down and I think they think that the -- the people that are that are accusing Mitt of doing you know the -- Bain Capital that were unscrupulous sort heartless.
Know nothing about private equity or how works they just didn't -- didn't -- good -- teaching him they think it polls well I think the polls -- so OK alright well it polls well also let's try and it's find that little chink in his armor.
You know he had a guest on just that a couple of guess ago and just today.
And I was in the room with her she was element around me back my company for would have been for -- on my board he helped me.
I made so much money because of him he's the most amazing man ever -- -- -- -- so the guy is is is is an incredible person and and it's just a shame to watch you know what they're trying to do to win an election because a lot of polling data says the current -- real quickly FaceBook would you get -- that -- I don't know I don't think so really one.
You know I think it's it's kind of -- herd mentality you know B wants and and and no that's it worries me whenever says it's wonderful and I mean there is that the article you know today saying that GM's -- advertising -- -- work so.
The recent GM telling -- not -- has not necessarily not necessarily does not a reason to works is because when I push it out on Google.
I can tell exactly how many hits -- get off that -- And I can drive the revenue that I got off that that that's why Google so amazing because I buy keywords I get it I don't feel that way about I can tell about new customers coming in.
-- a lot of none of -- 58 kids use FaceBook from we have nine.
But -- -- use it and they like it and you know we'll see let's see if they can they they gotta generate the revenue to depict them -- -- -- questions there's one Dave it's always it's and thank you very.
