4 ms·
Airline assets are only worth putting into service when there is demand. If there is demand from travelers, then -- bankruptcy or not -- aircraft, crew, and sup
by totalZero 7y ago
Airline assets are only worth putting into service when there is demand. If there is demand from travelers, then -- bankruptcy or not -- aircraft, crew, and support staff will find jobs as assets change hands. If there is no demand from travelers, then -- again, bankruptcy or not -- those employees will be out of a job.
Remember during the Financial Crisis when Lehman Bros went under and Barclay's swooped in to buy a large chunk of their real estate and trading operations.
Makes way more sense to pay employees directly than to give money to their corporate overlords.
Btw-- Don't focus on the arithmetic. His main point is correct.
"The money was all appropriated for the top in the hopes that it would trickle down to the needy. Mr. Hoover was an engineer. He knew that water trickled down. Put it uphill and let it go and it will reach the dryest little spot. But he dident know that money trickled up. Give it to the people at the bottom and the people at the top will have it before night anyhow. But it will at least have passed through the poor fellow’s hands."
Will Rogers