UK government says no industry-wide bailout for aviation
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Originally Posted by sheikhthecamel
And a whole lot of unemployed people who are consuming less, paying less tax and drawing benefits. There are several "layers" of indirect consequences.
An airline will be replaced by another airline and the unemployed will be employed again (paying tax, etc). Or is it going to be the end of mankind as we know it?
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Originally Posted by torvalds
The chancellor doesn't want to bail them out either... I guess he (and his team) knows a thing or two about this whole situation we are in right now.
An airline will be replaced by another airline and the unemployed will be employed again (paying tax, etc). Or is it going to be the end of mankind as we know it?
An airline will be replaced by another airline and the unemployed will be employed again (paying tax, etc). Or is it going to be the end of mankind as we know it?
Derivatives are such a large part of the global flow of cash as to be unquantifiable. Someone somewhere is going to be left with a very large bill/loss. And I suspect that that is why bail-outs are not popular with governments at present. I hope not.
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Originally Posted by esscee
Notice Singapore have installed temperature sensing equipment at entry points, so they can check each arrival's body temp.
(See https://www.todayonline.com/singapor...ations-experts )
Singapore - along with South Korea and Taiwan and maybe Hong Kong - are among the early success stories in this disaster, and we should all be paying close attention to them.
[Sky journalist] checked many times by people in full Hazmat gear! Now if China is doing that to prevent people bringing the virus back in to their country, then they must know much more about it than what they have released to the rest of the world.
There were plenty of correct arguments about "it's way too soon to take these numbers as firm" and an equal number of specious arguments about how much better health systems or population health might be elsewhere, or how the virus (somehow) wouldn't get to the rest of us, so we needn't worry.
That worked out well.
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Rexbanner , IAG have no right to a bailout until they take steps to raise equity. As usual 'employees' are taking a hit while shareholders are given priority.
IAG must sell off/dilute its share base by selling all those hundreds of millions of stock buybacks they did . Then they must go to the debt markets to raise further capital if required.
Only then if that is insufficient can they be considered for govt loans.
These airlines have failed to ensure sufficient capital backstops , 1 month is not enough so they must do the above to ensure their survival .
If they dont then they dont deserve to survive at the tax payers expense .
IAG must sell off/dilute its share base by selling all those hundreds of millions of stock buybacks they did . Then they must go to the debt markets to raise further capital if required.
Only then if that is insufficient can they be considered for govt loans.
These airlines have failed to ensure sufficient capital backstops , 1 month is not enough so they must do the above to ensure their survival .
If they dont then they dont deserve to survive at the tax payers expense .
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Originally Posted by wisecaptain
Rexbanner , IAG have no right to a bailout until they take steps to raise equity. As usual 'employees' are taking a hit while shareholders are given priority.
IAG must sell off/dilute its share base by selling all those hundreds of millions of stock buybacks they did . Then they must go to the debt markets to raise further capital if required.
Only then if that is insufficient can they be considered for govt loans.
These airlines have failed to ensure sufficient capital backstops , 1 month is not enough so they must do the above to ensure their survival .
If they dont then they dont deserve to survive at the tax payers expense .
IAG must sell off/dilute its share base by selling all those hundreds of millions of stock buybacks they did . Then they must go to the debt markets to raise further capital if required.
Only then if that is insufficient can they be considered for govt loans.
These airlines have failed to ensure sufficient capital backstops , 1 month is not enough so they must do the above to ensure their survival .
If they dont then they dont deserve to survive at the tax payers expense .
Debt maybe, but equity is a non-starter.
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Originally Posted by cashash
IAG currently trading at £1.98 - so someone must be buying.
