PPRuNe Forums - View Single Post - Government Aid????????
View Single Post
Old 15th Sep 2001, 23:34
  #2 (permalink)  
scroggs
 
Join Date: Dec 1997
Location: Suffolk UK
Posts: 4,927
Likes: 0
Received 0 Likes on 0 Posts
Post

It may be the only way to keep much of the industry from going under. The US has already debated (and, for now, rejected) a $15 billion rescue package for the industry. The real need is, I suspect, for loan guarantees to release cash to keep everything moving. Nothing is going to prevent the very significant loss of trade for the next 3-6 months, and capacity reductions are inevitable and urgent. But we do need to ensure that the whole international airline system doesn't collapse as a result of a terrorist act. These are unusual times, which will call for unusual action to ensure recovery.
scroggs is offline