Originally Posted by
Fatguyinalittlecoat
Yep, we have. That's it.
Funds will only flow to an industry, not a company.
This does appear to be the angle even PS is going for now. He even went as far as to essentially ask for $5 billion to include Qantas suggesting a collective overdraft facility during interviews this morning. It's a smart play because although Virgin's need is immediate, Qantas would well be advised to consider their medium term position and the likely prospect of having to do the same in 12 months if international demand is still non-existent. It will be a tough ask for them to go to the government asking for money at that point if they advocated the failure of Virgin 6 months prior and got their way. For now, they are saying they can make it through, but as it has been shown already, the nature of this beast is unpredictable and very different.
Perhaps a joint approach by both airlines will be the smarter play, gain the traction they are looking for with public support and not favour any one carrier as the government has stated.
Again, time will tell.