Originally Posted by
CaptainProp
the issue will only get worse the deeper in to this crises we get.
Take easyJet for example, never made a loss and owns 70% of their fleet. Why not provide loans secured against assets in the company and save jobs?
CP
Hence throwing cash at companies in this situation is not a solution. Currently we don't know when are things going back to normal. Therefore it can not be called bridging loan, but a high risk taking for an unknown period of time.
Why is/wasn't there a bail-in?
If there aren't enough funds to loan in the banks, then they must prioritize (or wait for the funny-money getting QE-d). We are indeed in a very bad situation.
I'd feel sorry (not sad, have enough important thing to worry about) to see E/J go, but make no mistake, if there was a market and demand, the "next day" there will be another privately owned airline to replace it. They are going to employ staff, pay taxes, the whole 9 yards.