Originally Posted by
majorpilot
Perhaps the money can be taken as grant with ties to equity but there is an option for it to be repaid. So when the market returns and revenue restarts, companies that are making profits can repay the sums and recover their equity. Haven’t read the thousands of pages so don’t know...
it doesn’t sound like the grant is tied to F9 owning anything later. BB was saying that it isn’t really grant money. It’s basically the same funds that the fed would have to pay in unemployment if airlines were to furlough. Instead, they are using the same funds to just keep the people on payroll. The loans (which we don’t need) have strings attached and must be paid back.