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Letting them all fail would do more harm to others than warranted. But letting the weakest one fail as a warning to the others that the bailouts are over and p
by _jal 7y ago
Letting them all fail would do more harm to others than warranted.
But letting the weakest one fail as a warning to the others that the bailouts are over and perhaps they should learn to save against rainy days isn't the worst idea.
- bigfudge 7y agoIf they fail and there’s a market for flights their assets will be bought and operated by someone else. Let them fail. Given climate change, air travel is not a public good we should be prioritising.
- reaperducer 7y agoLetting them all fail would do more harm to others than warranted. "Too big to fail?" We fell for that once before.
- missedthecue 7y ago...and it was true then
- michaelchisari 7y agoIf that's the case, if they are that necessary for society, then nationalization should be on the table.
- deleted 7y ago[deleted]
- thathndude 7y agoYou let them fail and wipe out the shareholders. Let the shareholders cover debts. Forgive the rest of the debt. Wipe out the management team as well. Airline comes out nimble and debt free. Average Joe still has airline competition. Shareholders get wiped out, but that’s the risk you run for yield.
- devdas 7y agoThe government buys the airlines after they declare bankruptcy. Sell them to the highest bidder when the market recovers.