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originally posted by: Zaphod58
a reply to: Alien Abduct
They did suspend slot rules.
Starting up an airline is not an easy task, even if you are able to buy up existing aircraft. It makes far more sense to preserve the existing airlines than go through the long drawn out process of starting up new airlines and having a significant gap in capabilities, only to see them fail.
originally posted by: ABNARTY
a reply to: Zaphod58
Not arguing. I have no issue with helping businesses. I have nothing against them making a dollar flying people around in airplanes.
As long as that help comes with conditions. No CEO bonuses or stock buy backs. Payroll covered up to xx%. If a business is too far gone or structured too poorly, let it go into the sunset. It was not healthy anyway.
If the airline industry looks a lot different after the smoke has cleared, that is to be expected. There are a lot of industries which will look different. However, IMHO a possible change in the landscape is not sufficient reason enough to prompt throwing money down the hole to maintain some status quo.
Who knows, maybe a more robust and financially sound industry will emerge. Maybe this was needed. There are a lot of talented and motivated people out there who could do a great job. Regardless, the suck-o-meter will be on high for a while.
It’s a good job you are not in charge, you would be flying us head first into a major recession.
Covid virus clears and no one can go on holiday or travel for business because all the airlines are closed.
Pension companies heavily invested in aircraft industry takes a further spanking....
I could go on but you get the point.