Easyjet full grounding from next Tuesday. . .
I doubt there will be any loss. They will outlast most other European carriers I would bet. Including quite a few 'legacy' carriers...
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Coming from a Financial background (25 years in that) and then into Aviation (16 and counting) it's worth thinking about what any potential "bailout" would involve. What I'm pointing towards is that when (for example) the RBS and others needed their rescue packages from HMG, - there was and is a path towards this.
- Firstly any "Company" HAS to go their shareholders to raise capital. This is normally in the form of what is called a "rights issue" for those not familiar with the financial terminology.
Only AFTER that and ALL other avenues to raise finance have been exhausted would any potential "bailout" be considered. As mentioned, - it's the British taxpayer that pays for any lifeline and HMG uses "our" taxpaying cash to fund life support. It's also worth remembering that HMG still has a 62.4% stake in RBS and this is from 2008 !!!!!. The financial crisis was a long 12 years ago now. Here's a good article I've read about any corporate bailouts WIPING OUT shareholders first.
As someone who lost 6 figures in RBS shares I know only too well how devastating this may be to the many of us here who have a vested interest in Easyjet. . . (myself included). I had even TOPPED UP my shareholding when they hit £5.00 thinking that was as bad as it could get. . .
https://www.marketwatch.com/story/an...rst-2020-03-18
- Firstly any "Company" HAS to go their shareholders to raise capital. This is normally in the form of what is called a "rights issue" for those not familiar with the financial terminology.
Only AFTER that and ALL other avenues to raise finance have been exhausted would any potential "bailout" be considered. As mentioned, - it's the British taxpayer that pays for any lifeline and HMG uses "our" taxpaying cash to fund life support. It's also worth remembering that HMG still has a 62.4% stake in RBS and this is from 2008 !!!!!. The financial crisis was a long 12 years ago now. Here's a good article I've read about any corporate bailouts WIPING OUT shareholders first.
As someone who lost 6 figures in RBS shares I know only too well how devastating this may be to the many of us here who have a vested interest in Easyjet. . . (myself included). I had even TOPPED UP my shareholding when they hit £5.00 thinking that was as bad as it could get. . .
https://www.marketwatch.com/story/an...rst-2020-03-18
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Dear Easy.
The unprecedented travel restrictions are due to an unprecedented pandemic.
There are thousands of bereaved families now...having been to 5 close family members funerals in my Life (only 1 of which was due old age) I can well imagine the grief.
Perspective.
The unprecedented travel restrictions are due to an unprecedented pandemic.
There are thousands of bereaved families now...having been to 5 close family members funerals in my Life (only 1 of which was due old age) I can well imagine the grief.
Perspective.
Are you sarcastically saying easyJet is playing a tiny violin right now asking others to pity them? Or are you saying that it’s fair that millions of people across the industry should be put out of work because of your personal tragedy and they should pipe down?
This forum is for professional pilots, we’re all desperately trying to keep our jobs. How does your comment help that?
Are you saying that airlines should just roll over and take it because they’re the perpetrators of this evil? If you’ve got personal problems because of the timing of your flight training then that’s bad luck and we all sympathise, most of us have been there!!! But bringing up the number of funerals you’ve attended as a vital part of your worthiness equation seems, as harsh as this sounds, somewhat pathetic. I doubt there is anyone on here they hasn’t lost loved ones at some point in their life. It’s not a competition! We’re all trying to survive.
