Originally Posted by
Bahamasflyer
As I said before, why SHOULDN'T we get this financial assistance when we are bound by the RLA?
Since we are deemed essential to the nations economy be being bound by that act, we sure as hell should get the benefits from it
Because change comes through necessity. Why bail you out now, when it would be cheaper to let the the creditors form a plan in BK to consolidate and shrink supply.
Its clear to me they need to default on some of their loans, and increase their cost of borrowing in the future, which will increase the opportunity cost of stock buybacks.
Banks need to stop lending low interest money to airlines, higher interest will change their behavior and decisions.
Converting a loan to equity in your business, and then asking for a bailout does not change behavior. Would you payoff your kids credit card if he had no plans to change his behavior.