PPRuNe Forums - View Single Post - UK government says no industry-wide bailout for aviation
Old 25th Mar 2020, 21:25
  #48 (permalink)  
nicolai
 
Join Date: Jan 2008
Location: It used to be an island...
Posts: 244
Likes: 0
Received 0 Likes on 0 Posts
The airlines, and especially Easyjet's, failure to use all possible means (including extraordinary manoeuvres like a cash call from shareholders equal to the dividend) is why the Chancellor isn't going to give them a lot of money.
I hope Easyjet's shareholders will be thinking about what the management the shareholders installed did to the shareholder's company if the company runs out of cash later and they're left with their dividend and nothing else except worthless shares in a bankrupt company.
You might see the likes of Jet2 get help if they're about to go under but Easy, and therefore also BA, can now forget about a big helping hand from the Government.

"Well done Easyjet senior management" indeed.
nicolai is offline