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Many countries have companies that are strategic assets that will be protected in crisis, auto manufacturers, farming, airlines, banks etc. This means that they
by digitaltrees 7y ago
Many countries have companies that are strategic assets that will be protected in crisis, auto manufacturers, farming, airlines, banks etc. This means that they are some times shielded from the full force of market competition. I would be curious about British Airways posture.
- true_religion 7y agoPresumably since Brexit is happening, their word only carries weight in the UK, and they are the strategic asset there. They probably are hoping totally private competitors like Ryanair are gone, so they can buy their planes and fly their routes.
- tonyedgecombe 7y agoBritish Airways is totally private, the state unloaded it a long time ago. My understanding is Ryanair have a reasonable cash position. Virgin have the begging bowl out at the moment though.