Originally Posted by
mikebg
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.
Better than to provide a corporate bailout to an already heavily government-backed airline is to to assist the displaced employees directly and let some other players salvage from any available scraps put on the open market without being tied down with legacy problems .... not all of which are labor.