If passed no furloughs until 30 Sept
Airlines to get loans, cash-for-equity bailouts
|
Is it likely the airlines will take this? The cost of keeping everyone on the payroll without cutting pay rates for 6 months, when only a small portion of your fleet is flying, and you have few passengers has to be astronomical. I guess if you thought everything was going to pick up shortly it would be worth it, but if it doesn’t, I’m wondering if this is too costly for them to accept.
|
Originally Posted by busdriver12
(Post 3012024)
Is it likely the airlines will take this? The cost of keeping everyone on the payroll without cutting pay rates for 6 months, when only a small portion of your fleet is flying, and you have few passengers has to be astronomical. I guess if you thought everything was going to pick up shortly it would be worth it, but if it doesn’t, I’m wondering if this is too costly for them to accept.
|
Originally Posted by ORDinary
(Post 3012032)
Isn't that what the $25,000,000,000 is for?
I am merely asking the question of what people think they will do. I have no idea.🙁 |
They will take the money. What they are getting is what they basically asked for in that letter they sent to Congress
What CEO wants to be remembered as the guy to turn down free money to pay his employees instead said **** it just put them on the street |
Originally Posted by 5and20
(Post 3012102)
They will take the money. What they are getting is what they basically asked for in that letter they sent to Congress
What CEO wants to be remembered as the guy to turn down free money to pay his employees instead said **** it just put them on the street |
Still has to pass the house.
|
What does no reducing pay rates mean? Is it talking about actual pay rates or is it saying we’ll make the same take home pay as before regardless of not flying with parked planes? I mean that’s a good deal if true but a big taxpayer waste.
|
Originally Posted by Purpleanga
(Post 3012123)
What does no reducing pay rates mean? Is it talking about actual pay rates or is it saying we’ll make the same take home pay as before regardless of not flying with parked planes? I mean that’s a good deal if true but a big taxpayer waste.
Does provision 2 prevent consolidation before September 2021 or is that strictly in reference to buy backs? |
Originally Posted by 5and20
(Post 3011964)
To be eligible for financial assistance under this subtitle, an air carrier or contractor shall enter into an agreement with the Secretary, or otherwise certify in such form and manner as the Secretary shall prescribe, that the air carrier or contractor shall— (1) refrain from conducting involuntary furloughs or reducing pay rates and benefits until September 30, 2020
|
All times are GMT -8. The time now is 08:47 PM. |
User Alert System provided by
Advanced User Tagging v3.3.0 (Lite) -
vBulletin Mods & Addons Copyright © 2024 DragonByte Technologies Ltd.
Website Copyright ©2000 - 2017 MH Sub I, LLC dba Internet Brands