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Old 04-11-2020 | 07:48 AM
  #11  
iahflyr
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30% of the bailout money now has to be repaid to the government, along with an ownership share for the government of 10% of the value of the loan.

Politicians gave airlines a bailout in the amount of 6 months of their 2019 payroll. That made the corporate bailout politically easier to pass. But it in no way means that the bailout money can only be spent on payroll. Airlines have other expenses too. Plus this bailout only lasts for 6 months. The drop in demand will certainly last longer. Finally, do you expect airline employees to pay 30% back to the government with interest when this is over.

https://www.reuters.com/article/us-h...-idUSKCN21S1Y7
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