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Old 03-31-2020, 09:40 AM   #1  
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Default Spirit finding private money instead of the b

https://www.streetinsider.com/dr/news.php?id=16682898


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Old 03-31-2020, 10:42 AM   #2  
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So if they donít take the government bailout then they can furlough at will.


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Old 03-31-2020, 10:55 AM   #3  
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So if they donít take the government bailout then they can furlough at will.


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Yup.........
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Old 03-31-2020, 10:56 AM   #4  
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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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Old 03-31-2020, 10:58 AM   #5  
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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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Old 03-31-2020, 11:27 AM   #6  
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Itís official. Theyíre not taking the money.
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Old 03-31-2020, 11:32 AM   #7  
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What's the reason they would not take grant money?
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Old 03-31-2020, 11:36 AM   #8  
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Itís official. Theyíre not taking the money.
Source online?
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Old 03-31-2020, 11:37 AM   #9  
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Itís official. Theyíre not taking the money.
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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Old 03-31-2020, 11:41 AM   #10  
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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.
Not true. You can only ask for grants to cover your payroll, based upon your payroll receipts from April-Sept of 2019. The loans are a different story.
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