Originally Posted by
Confus
Not that I want to let facts get in the way of a rant... but this is not strictly true, is it? BA has not received billions from the government. They have received a loan from a consortium of banks, which if they can’t repay will be covered by the government. So if the government ever has to pay up, we’ll all have much bigger things to worry about.
That is called government aid....
According to FT Rolls-Royce took a similar loan and the goverment guarantee the 80% of the loan.
Different countries around the world have different terms and conditions when they 'bail out' an airline.