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Old Apr 21, 2020 | 5:44 am
  #28  
mikebg
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Originally Posted by GUWonder
There is probably no better time than now to let the airline be liquidated, if ever so inclined to let the airline be liquidated and let the market be the market in matching supply with demand.
If any previous Israeli precedents are anything to go by, the likely outcome in such a situation would be just as bad, or even worse: The company would fold up, but it would only be sold if the buyers guaranteed what are called "the workers' rights". And guess what? Some Israeli socialist dreamer with too much cash (or, more likely, the ability to twist some arms to borrow it) will actually do that. Forget about reviving it as a profitable entity.
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