Call Rand Paul
10-02-2020, 06:14 PM
#11
That/It/Thang
Joined APC: Aug 2020
Posts: 2,848
Originally Posted by Al Czervik
Link to the bill, if that’s what you’re looking for.
https://www.commerce.senate.gov/2020...rtation-sector
https://www.commerce.senate.gov/2020...rtation-sector
So basically American would take this deal, maybe Hawaiian and UAL? How many other airlines will agree to another loan with warrants etc? Seems some of the airlines have already decided to decline the Cares Loan package (SWA, DAL, NK) and source funding outside of the US Government, providing liquidity that doesnt continue to dilute shareholder value or warrant stakes at already depressed stock prices. This also limits executive compensation so I wonder how excited executives will be to agree to that as well.
10-02-2020, 06:34 PM
#12
You scratched my anchor
Thread Starter
Joined APC: Feb 2011
Posts: 4,876
Originally Posted by CincoDeMayo
"Secretary may receive warrants, op- tions, preferred stock, debt securities, notes, or other fi-nancial instruments issued by such recipient in the same form and amount, and under the same terms and condi- tions, as agreed to by the Secretary and the recipient for assistance received under such section 4113 to provide ap- propriate compensation to the Federal Government for the provision of the financial assistance under this Act"
So basically American would take this deal, maybe Hawaiian and UAL? How many other airlines will agree to another loan with warrants etc? Seems some of the airlines have already decided to decline the Cares Loan package (SWA, DAL, NK) and source funding outside of the US Government, providing liquidity that doesnt continue to dilute shareholder value or warrant stakes at already depressed stock prices. This also limits executive compensation so I wonder how excited executives will be to agree to that as well.
So basically American would take this deal, maybe Hawaiian and UAL? How many other airlines will agree to another loan with warrants etc? Seems some of the airlines have already decided to decline the Cares Loan package (SWA, DAL, NK) and source funding outside of the US Government, providing liquidity that doesnt continue to dilute shareholder value or warrant stakes at already depressed stock prices. This also limits executive compensation so I wonder how excited executives will be to agree to that as well.
AA has been willing to take the past loans. I believe we are in a tight situation compared to some others. I believe payroll support will be grants. All will be takers there.
10-03-2020, 04:23 AM
#15
That/It/Thang
Joined APC: Aug 2020
Posts: 2,848
Originally Posted by Happyflyer
Do you really want 25B for 35k furloughs?
700k each for 6 months.
700k each for 6 months.
10-03-2020, 04:43 AM
#17
777 - ret
Joined APC: Apr 2020
Position: Waco CG-4 center seat
Posts: 863
Originally Posted by Seneca Pilot
You are correct. I thought he was talking about the House "clean" bill that was passed.
10-03-2020, 04:45 AM
#18
You scratched my anchor
Thread Starter
Joined APC: Feb 2011
Posts: 4,876
Originally Posted by CincoDeMayo
He is at American. They will take, and need, every penny available. Shake the couch cushions, every penny counts. Grants, loans, and number running...they will take it all
Everyone is taking on water. My hope is that we can somehow get through this without bankruptcy. I’d say we’re on a pretty direct path toward it. If it happens at any legacy it will most likely take the other two with them. It will also lower the tide at spirit and everywhere else.
10-03-2020, 04:52 AM
#19
That/It/Thang
Joined APC: Aug 2020
Posts: 2,848
Originally Posted by Al Czervik
Everyone is taking on water. My hope is that we can somehow get through this without bankruptcy. I’d say we’re on a pretty direct path toward it. If it happens at any legacy it will most likely take the other two with them. It will also lower the tide at spirit and everywhere else.
10-03-2020, 05:17 AM
#20
Gets Weekends Off
Joined APC: Jan 2009
Posts: 1,269
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