Originally Posted by
Macjet
WAG, but here goes. The gubberment pays NK to keep pilots employed at 72 hrs/month until Sept 1 (or whatever the date is). NK receives grant money for such and then convinces 1,000 pilots to be paid for 50 hrs/month for a net PROFIT of 22,000 credit hours per month (round, round numbers) and then furloughs the bloody !@#$ out of everyone with a fatter cash balance than they started. Am I missing something?
Yes. The stimulus money can ONLY be used for payroll. There is no time limit on its dispersal so I suppose you could offer reduced value lines, furlough a bunch and then have the payout last longer before having to make payroll out of company coffers.