Private Jet Companies could get billions

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04-18-2020, 01:52 PM

#11

Blueridger

Gets Weekends Off

Joined APC: Dec 2007

Position: Chrysler Pacifica

Posts: 203

Quote:

Originally Posted by multipilot

Our hours are down but not by too much.

So far, they’re telling us we’re in a good financial spot to get through this thing. Not sure where we’re at in terms of taking advantage of the CARES act.

Those sound like highly contradictory comments. If XO is in good shape to weather the storm, it begs they question, why are they requesting a bailout with government strings attached?

04-18-2020, 02:37 PM

#12

multipilot

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Joined APC: Oct 2006

Posts: 778

Quote:

Originally Posted by Blueridger

Those sound like highly contradictory comments. If XO is in good shape to weather the storm, it begs they question, why are they requesting a bailout with government strings attached?

fair point, but honestly no one knows exactly how long this downturn will take. All I know is that we’ve applied for it should we need it.

04-18-2020, 08:07 PM

#13

Titos

Line Holder

Joined APC: Mar 2015

Posts: 28

Quote:

Originally Posted by Blueridger

Those sound like highly contradictory comments. If XO is in good shape to weather the storm, it begs they question, why are they requesting a bailout with government strings attached?

Its a very cheap insurance policy even if a company is financially stable. Nobody knows where this ends up, so take what you can get and pay it back if you ended up not needing it.

04-18-2020, 09:32 PM

#14

NJA04

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Joined APC: Oct 2014

Posts: 146

Everybody's a socialist in a downturn.

04-19-2020, 12:24 AM

#15

germanaviator

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Joined APC: Mar 2011

Position: Bizjet Captain

Posts: 251

Quote:

Originally Posted by NJA04

Everybody's a socialist in a downturn.

How very true ;-)

04-19-2020, 05:25 AM

#16

GeeWizDriver

Speed, Power, Accuracy

Joined APC: Sep 2007

Position: PIC

Posts: 1,702

Quote:

Originally Posted by NJA04

Everybody's a socialist in a downturn.

Speak for yourself.

Socialism light got us INTO this mess (discarding the Constitution and personal responsibility in favor of lockdowns "for the common good") and only unfettered capitalism, entrepreneurship, and liberty will get us OUT of it.

Creative destruction is a necessary part of a healthy economy. The CARES Act is an abomination.

04-19-2020, 06:07 AM

#17

MinRest

Mmmm wine

Joined APC: Feb 2020

Position: A220 FO

Posts: 945

Quote:

Originally Posted by NJA04

Everybody's a socialist in a downturn.

Capitalism is fantastic until about every 10 years or so, socialism has to bail it out

04-19-2020, 07:35 AM

#18

UCLAbruins

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Joined APC: Apr 2007

Position: F/O- G-V/550

Posts: 1,163

Quote:

Originally Posted by NJA04

Everybody's a socialist in a downturn.

very very true

Sad but true

04-19-2020, 08:31 AM

#19

hawkerpilot05

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Joined APC: Mar 2015

Posts: 201

Quote:

Originally Posted by UCLAbruins

very very true

Sad but true

No kidding. A true capitalist would have applauded those that had the foresight to see this unfold and buy up all the hand sanitizer, toilet paper, wipes, and mask to sell them at 4-5 times their value.

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04-19-2020, 10:20 AM

#20

jtf560

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Joined APC: May 2006

Posts: 1,024

If we were to swing all the way either way, this great experiment of a country would fall apart crazy fast. We need the balance of everyone being a little ****ed off because they only got part of what they wanted. I pray neither side gets all their dreams to come true- what a nightmare that would be.

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