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It's probably much more expensive. The difference is between a loan which will likely be paid back versus paying the salaries of thousands of people for who k
by Leherenn 7y ago
It's probably much more expensive.
The difference is between a loan which will likely be paid back versus paying the salaries of thousands of people for who knows how long.
Also, good luck taking a plane in the few months following the crisis. Creating back airlines from the ground up is far from instant, even if you have the planes and crews just laying around.
- AlexandrB 7y agoThe salaries will end up back in the economy, low paid workers are unlikely to hoard their bailouts because they need food/shelter/etc. It’s also likely that airlines in chapter 11 would be acquired/restructured as a unit, not necessarily sold for parts.