The 33% could of course be worthless if the airline goes bust.

This bailout scheme is a horror.

If HP can get financing guarantees, then every airline bleeding all over can get financing now.

Rather than going out of business, there will be more "going concern" carcasses around to make life harder for the airlines that have a fighting chance.

This is very disappointing. It will diminish the health of the whole industry at a time when the financial health of the players has never been in more jeopardy.