No free money/grants
03-22-2020, 09:32 AM
#2
Gets Weekends Off
Joined APC: Mar 2014
Posts: 3,092
Personally I don't see grants even being in the cards. Maybe some loan guarantees. Guessing the legacies will furlough 50% if not more ASAP. Hopefully the spin up will be quick and most will be back within a couple years if the companies survive, albeit the international ops are gonna be a lot smaller.
And yep, I'm well in that group.
The 10%-20% load factors are going to be a multi month long ordeal. When no one is buying your product, you don't need to supply it.
And yep, I'm well in that group.
The 10%-20% load factors are going to be a multi month long ordeal. When no one is buying your product, you don't need to supply it.
03-22-2020, 12:01 PM
#7
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,253
Originally Posted by BangDingOw
Update senate republicans don’t want to pay protect with grants, dems in house do. Still a chance if that’s what you are hoping for.
03-22-2020, 12:03 PM
#8
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,253
Originally Posted by Aero1900
I don't think you furlough 50% when this hopefully is a moderately short term deal.
It's going to depend on how much support the airlines get and how quickly they think a recovery will pick up steam. If they "over furlough" now that will cost them later. As long as the fed props them up enough so they can take a longer view, and are not facing chapter 7 in six weeks.
03-22-2020, 06:39 PM
#10
2 days off
Joined APC: Jun 2009
Position: Embraer Systems Analyst
Posts: 1,853
Originally Posted by Name User
Personally I don't see grants even being in the cards. Maybe some loan guarantees. Guessing the legacies will furlough 50% if not more ASAP. Hopefully the spin up will be quick and most will be back within a couple years if the companies survive, albeit the international ops are gonna be a lot smaller.
And yep, I'm well in that group.
The 10%-20% load factors are going to be a multi month long ordeal. When no one is buying your product, you don't need to supply it.
And yep, I'm well in that group.
The 10%-20% load factors are going to be a multi month long ordeal. When no one is buying your product, you don't need to supply it.
This. This is different than the auto industry bailouts. The public literally doesn’t need the product right now. No sense in subsidizing employees sitting around on empty planes.
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