Spirit finding private money instead of the b
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Originally Posted by TrojanCMH
(Post 3018490)
So if they don’t take the government bailout then they can furlough at will. Sent from my iPhone using Tapatalk |
Originally Posted by flyingpuma1
(Post 3018571)
So if they don’t take the government bailout then they can furlough at will.
Sent from my iPhone using Tapatalk Yup......... |
Also might be setting up a line of credit at low interest rates now for if and when the government money runs out.
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It's my understanding they can take the free money/payroll grant and forego the loan offer and go with private money instead. They are completely separate. This doesn't preclude the payroll grant which comes with the no furloughs until Oct. 1st stipulation.
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It’s official. They’re not taking the money.
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What's the reason they would not take grant money?
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Originally Posted by FNGFO
(Post 3018634)
It’s official. They’re not taking the money.
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Originally Posted by FNGFO
(Post 3018634)
It’s official. They’re not taking the money.
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Originally Posted by 5and20
(Post 3018644)
Everyone will take the grant money. It is a pot of money divided up to the airlines. If someone says no thanks, they are basically giving their competitors free billions.
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