Golden bailout
Mar 23, 2020, 5:33 pm
#16
Join Date: Mar 2020
Posts: 1
I think that's definitely an innovative idea to attract some innocent investors: 10000 potential buyers each commit 5000 shares IAG at today's closing price would generate £100,000,000 for the Group. such cash should be able to pay couple of weeks wages before government bail out. new gold members would not be able to use any facility until further notice.
Mar 23, 2020, 6:40 pm
#17
Join Date: Oct 2010
Location: Henley-On-Thames
Programs: BAEC Silver (but only temporarily) AVIS Presidents Club, Starbucks Gold
Posts: 486
ML
Mar 23, 2020, 8:30 pm
#18
Original Poster
Join Date: Apr 2008
Programs: Confirmed
Posts: 1,091
I got this idea when looking at crowdsourcing projects. You invest amount x, and get y shares plus z limited products.
I thought people who think a GfL has significant value having a logical reason to protect BA so I want to see your thoughts.
I thought people who think a GfL has significant value having a logical reason to protect BA so I want to see your thoughts.
Mar 23, 2020, 8:41 pm
#20
A FlyerTalk Posting Legend
Join Date: Jan 2002
Posts: 44,600
Mar 23, 2020, 10:13 pm
#21
Original Poster
Join Date: Apr 2008
Programs: Confirmed
Posts: 1,091
Mar 24, 2020, 2:10 am
#23
Join Date: Mar 2017
Location: AMS
Programs: BAEC Silver, Flying Blue Gold, TK M&S Nobody
Posts: 2,481
Of course, that sell off could well damage the share price, and as you say would give the inital buyer something for almost nothing - so not a great idea as it stands. Presumably would need to be structured as some restricted options, rather than immediately available shares.
[Not my area of expertise, I'm sure we have many others with far greater understanding to correct me if needed!]
Mar 24, 2020, 2:15 am
#24
Moderator: British Airways Executive Club
Join Date: Jan 2009
Programs: Battleaxe Alliance
Posts: 22,127
What's needed is revenue, so just plain sell a standard membership status by the year. No shares involved.
Having said that, status obsession is probably not as common as it may seem.
Having said that, status obsession is probably not as common as it may seem.
Mar 24, 2020, 2:34 am
#25
FlyerTalk Evangelist
Join Date: Jul 2002
Location: SE1, London
Posts: 23,439
And given the likely state of the economy the pool of people with disposable income for fripperies like this will have shrunk significantly.
Mar 24, 2020, 4:11 am
#26
Join Date: Feb 2011
Posts: 5,797
I think they should sell status renewal / extension to those who fail to qualify due to the virus. It's the money they'd have spent on flights that they didn't.
(I'm normally against selling status etc. but if it helps to keep more staff members, and in some ways protect BA, then so be it!)
(I'm normally against selling status etc. but if it helps to keep more staff members, and in some ways protect BA, then so be it!)
There will be sales and incentives of a level never seen before. I think BA will survive but a lot of airlines will come to regret the way they have treated customers during the 'good' times.