US Airlines’ Request $50 Billion Bailout
03-16-2020, 10:30 AM
#1
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US Airlines’ Request $50 Billion Bailout
Should lead to some interesting philosophical discussions.
https://thehill.com/business-a-lobby...assistance-for
https://thehill.com/business-a-lobby...assistance-for
03-16-2020, 10:57 AM
#5
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Better to ask early, manage expectations.
Airlines (like banks) are key infrastructure, economic aid is inevitable.
I don't use the term "bailout" because this is not like the situation with the banks, who set themselves up to fail and then got bailed out by the taxpayers. Airlines are strictly victims in this, no fault that I can see... most of them are pretty solvent in terms of normal economic cycles.
Airlines (like banks) are key infrastructure, economic aid is inevitable.
I don't use the term "bailout" because this is not like the situation with the banks, who set themselves up to fail and then got bailed out by the taxpayers. Airlines are strictly victims in this, no fault that I can see... most of them are pretty solvent in terms of normal economic cycles.
03-16-2020, 01:32 PM
#9
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Posts: 2,465
Originally Posted by rickair7777
Better to ask early, manage expectations.
Airlines (like banks) are key infrastructure, economic aid is inevitable.
I don't use the term "bailout" because this is not like the situation with the banks, who set themselves up to fail and then got bailed out by the taxpayers. Airlines are strictly victims in this, no fault that I can see... most of them are pretty solvent in terms of normal economic cycles.
Airlines (like banks) are key infrastructure, economic aid is inevitable.
I don't use the term "bailout" because this is not like the situation with the banks, who set themselves up to fail and then got bailed out by the taxpayers. Airlines are strictly victims in this, no fault that I can see... most of them are pretty solvent in terms of normal economic cycles.
I'm not sure it will happen though. From what I can tell on non-aviation centered commentary, the general public is sour on the idea of 'bailouts' and while we'll say this isn't the same thing, it's what THEY will see... along with their image of a rich, spoiled, entitled pilots who deserves no help.
03-16-2020, 02:01 PM
#10
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Posts: 1,192
Originally Posted by Simpsons
Nasty socialism
Either way this house of cards will fall one day, sooner rather than later. We'll be worse off than Greece, especially since we won't have some childless chancellor I'm Germany to bail us out.
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