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Old 04-16-2020 | 07:06 AM
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Originally Posted by Itsajob
I get that. It would also take a while to furlough that many, but I do think that we are going to come out of this a smaller airline. The cuts on the regional side will be interesting to watch too, especially given Kirby’s comments. We have a company like Expressjet that is unable provide stock warrants for the CARE act funding, and with no other real assets, finding financing to get through this will be hard. Then there is a company like SkyWest who can provide stock warrants and who own the aircraft that they operate. They will find obtaining financing much less difficult than a company with few assets like ExpressJet.
That's the problem with owning a regional shell company, you will need to carry them or load shed it when times are tough. Interesting times, just like the old Chinese curse.
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