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Old 18th Apr 2020, 06:48
  #1026 (permalink)  
EI-BUD
 
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If you can put aside the language and attacks on the board and personalities within and consider his objective.
There is no certainty about anything right now. They certainly need to take whatever extreme action right now to preserve cash. They need the cash more than new planes now or st least until 2022.

Ironically, Ryanair doesn't have this capital expenditure drain due the the Max issue,but be sure if Ryanair did have, MOL would quietly be renegotiating or doing whatever he needed to do preserve cash at this stage.

Given its pan European operation easyJet might struggle to the support it needs if the faces cash flow problems. However, might be better to make Airbus wait and recommence deliveries and payments in.2021/2. Airbus will not be allowed to fail.

​​​​​​On the subject of bonuses etc. Okay doesn't look good but the scale of that cost is a drop in the ocean compared to the cash demands that lay ahead.
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