SWA to go at it alone
08-19-2020, 06:15 AM
#1
weekends off? Nope...
Thread Starter
Joined APC: Apr 2014
Posts: 1,940
SWA to go at it alone
Per today’s 8-k filing, Southwest has decided not to participate in the federal secured loan program based on its current liquidity
and belief that it can secure additional financing at favorable terms.
Time to break from the pack!
and belief that it can secure additional financing at favorable terms.
Time to break from the pack!
08-19-2020, 06:34 AM
#4
Gets Weekends Off
Joined APC: Oct 2010
Posts: 1,728
Originally Posted by WHACKMASTER
Indeed this should be a good sign. So just to be clear, we took the payroll grants but not the loans of the Cares Act. Is that correct?
08-19-2020, 08:27 AM
#7
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Joined APC: Jul 2017
Position: CRJ9 CA
Posts: 4,083
Originally Posted by Smooth at FL450
Per today’s 8-k filing, Southwest has decided not to participate in the federal secured loan program based on its current liquidity
and belief that it can secure additional financing at favorable terms.
Time to break from the pack!
and belief that it can secure additional financing at favorable terms.
Time to break from the pack!
08-19-2020, 08:39 AM
#8
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Joined APC: Jun 2016
Posts: 95
Originally Posted by senecacaptain
ok dumb question but if Payroll Support Program is extended past Sept-30, is SWA going to accept it / participate ?
Cares 2 will pass since it has support in Congress.
08-19-2020, 08:43 AM
#9
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Joined APC: Dec 2017
Posts: 381
Originally Posted by Black Coffee
Yes. Gary Kelly helped write the Cares Act, and he is actively lobbying for Cares 2. Im guessing the airlines are confident that
Cares 2 will pass since it has support in Congress.
Cares 2 will pass since it has support in Congress.
Yes. This exactly.
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