Who’s Next?
03-28-2020, 12:49 PM
#105
Gets Weekends Off
Joined APC: May 2017
Position: Guppy
Posts: 761
Originally Posted by PaloAlto
Republic doesn’t qualify for financial relief under the new stimulus package.
What it should say is IF the government decides to require certain forms of collateral, which at present there is no indication they plan to do, then it's possible Republic wouldn't qualify for financial relief.
03-28-2020, 12:54 PM
#106
Gets Weekends Off
Joined APC: Mar 2020
Position: CRJ
Posts: 110
Originally Posted by Longhornmaniac8
This is unequivocally and categorically false. That post on Aero Crew News is totally premature.
What it should say is IF the government decides to require certain forms of collateral, which at present there is no indication they plan to do, then it's possible Republic wouldn't qualify for financial relief.
What it should say is IF the government decides to require certain forms of collateral, which at present there is no indication they plan to do, then it's possible Republic wouldn't qualify for financial relief.
03-28-2020, 01:27 PM
#107
Gets Weekends Off
Joined APC: May 2017
Position: Guppy
Posts: 761
Originally Posted by PaloAlto
Why would the government not take collateral? They made a decent amount of money off ATSB loans after 9/11.
03-28-2020, 01:36 PM
#108
Passed Recurrent
Joined APC: Mar 2016
Position: FO
Posts: 208
Originally Posted by Longhornmaniac8
Because the explicit objective of the legislation was to save jobs. Imposing restrictions on the money that prevent it from being used, thereby not saving jobs, is totally counterproductive to that goal. This money has been discussed as being grants, there's no reason to believe that has changed. If it weren't for a single video by our company, this wouldn't have been on anyone's radar. Requiring collateral affects the entire regional industry. Most don't have enough assets to put up as collateral. If there were concern among the regionals, you would've seen more work done prior to passage to change the language.
03-28-2020, 01:39 PM
#109
Gets Weekends Off
Joined APC: May 2017
Position: Guppy
Posts: 761
Originally Posted by PosRateGearUp
The legislation for the grants is left wide open to requiring collateral and equity, unfortunately. Sec 4117, Tax Payer Protection.
03-28-2020, 02:08 PM
#110
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,268
Originally Posted by PosRateGearUp
The legislation for the grants is left wide open to requiring collateral and equity, unfortunately. Sec 4117, Tax Payer Protection.
Thread
Thread Starter
Forum
Replies
Last Post
