Originally Posted by
Ollie Onion
EVERY Airline in the world has had support of some kind, Air NZ has had $1.5 billion of Government money ‘loaned’ to it and about $120 million in direct subsidies to fly freight. Virgin Australia was for all money bankrupt and has had capital pumped in by Bain with hundreds of millions in debt just simply written off. Regional airlines were subsidised with Government paid flying, BA had 80% of it wage bill paid by the Government and continues to get that support. Fact of the matter is it is in all of our interests for Qantas AND Virgin to emerge from this intact as there will be huge opportunities in play due to pent up travel demand.
BA no longer receives any goverment support since the furlough scheme ended in September