Originally Posted by
marchino61
None of them should get anything more than loans. Maybe low interest loans, but that's it. If they fail, someone else will buy the assets and continue flying. The planes, pilots and cabin crew won't disappear.
This is not like the banking crisis. Pulling the plug on airlines won't destroy the entire economy (if it isn't already destroyed by the virus).
People are forgetting that the Airlines are owned primarily by investment funds, using our money from Pensions. People demanding that all the troubled Airlines be allowed to fail are impacting their own pension funds. Although -30% down, they will rebound in time, if you let the airlines fail, then all investment returns are lost. Everyone loses....Investors, Pension Fund Holder, Employees, Suppliers, Suppliers Employees.....and so on. I doubt those calling for the axe to fall would not be so gung-ho if it were there jobs at risk.