Which airlines applied?
04-05-2020, 09:36 AM
#6
Gets Weekends Off
Joined APC: Jun 2007
Posts: 317
SY, F9, NK, and G4 all applied, but also are requesting a waiver for service requirements due to the seasonal nature of some of their flight schedules.
https://aviationweek.com/air-transpo...-service-order
https://aviationweek.com/air-transpo...-service-order
04-05-2020, 09:40 AM
#7
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Joined APC: Jun 2015
Posts: 699
Applying for the money doesn't really mean much. It will be interesting to see which ones actually try to get the money and what the government wants in return. In theory, the government could seek massive stakes in each airline.
I would guess that less than half that apply ever get any money from this. It will likely be cheaper just to declare bankruptcy to reorganize and furlough unnecessary employees without having to give up a large percent of the airline.
I would guess that less than half that apply ever get any money from this. It will likely be cheaper just to declare bankruptcy to reorganize and furlough unnecessary employees without having to give up a large percent of the airline.
04-05-2020, 11:31 AM
#10
Gets Weekends Off
Joined APC: Nov 2017
Posts: 2,099
Which airlines applied?
Originally Posted by daOldMan
Applying for the money doesn't really mean much. It will be interesting to see which ones actually try to get the money and what the government wants in return. In theory, the government could seek massive stakes in each airline.
I would guess that less than half that apply ever get any money from this. It will likely be cheaper just to declare bankruptcy to reorganize and furlough unnecessary employees without having to give up a large percent of the airline.
I would guess that less than half that apply ever get any money from this. It will likely be cheaper just to declare bankruptcy to reorganize and furlough unnecessary employees without having to give up a large percent of the airline.
I wonder what kind of blowback there would be from the public once the media reports that airlines would rather furlough and or declare bankruptcy instead of taking free money to employ them just because they they rather not give stock warrants to the government in exchange. Especially since it’s not unprecedented with the auto companies bail out.
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