Originally Posted by
mileageking
Simple theory, hold passenger refunds hostage and leverage discussion to maximize government funds without tapping into own. Government equity injection theory wouldn't work here as it does for EY, EK, QR or SQ. Maybe give GoC a seat at the board.
Do we really think AC is going to give up the refunds? Even if the government demands this as a condition of the bailout, I don't see AC refunding passengers.