Project Birch
May 25, 2020, 2:37 am
#1
Original Poster
Join Date: Apr 2018
Location: London
Programs: BA Silver (for now)
Posts: 1,000
Project Birch
Reported in today’s FT....
The Treasury has revealed to the Financial Times the principles under which the government would rescue individual companies, saying it would act to save those whose failure would “disproportionately harm the economy”. Aviation, aerospace and steel firms are among those facing acute problems, while carmaker Jaguar Land Rover is also talking to the government, although the company declined to provide details.
The Treasury has revealed to the Financial Times the principles under which the government would rescue individual companies, saying it would act to save those whose failure would “disproportionately harm the economy”. Aviation, aerospace and steel firms are among those facing acute problems, while carmaker Jaguar Land Rover is also talking to the government, although the company declined to provide details.
May 25, 2020, 4:17 am
#2
Join Date: Sep 2001
Location: UK. BAEC AAdvantage
Programs: Mucci Des Oeufs Brouilles et des Canards
Posts: 3,671
Summary here on CityAM, courtesy of Head for Points.
Be interesting to see if BA takes part in this. Virgin is probably a definate.
Be interesting to see if BA takes part in this. Virgin is probably a definate.
May 25, 2020, 5:02 am
#3
Join Date: Oct 2005
Location: London
Posts: 725
UK Gov could do very well out of this, *if* it drives a hard bargain with companies requiring assistance. I wonder if leaders such as AC/WW/RB fully appreciate this.
As the “investor of last resort” any gov investment should be massively dilutionary to existing equity holders. If that’s unacceptable, fine, the government will pick up the pieces once it’s in administration(probably cheaper again, however risks other disruption)
Buy assets on the cheap at cyclical lows and sell in a few years. Go Rishi!
As the “investor of last resort” any gov investment should be massively dilutionary to existing equity holders. If that’s unacceptable, fine, the government will pick up the pieces once it’s in administration(probably cheaper again, however risks other disruption)
Buy assets on the cheap at cyclical lows and sell in a few years. Go Rishi!
