HP on the Brink
Dec 29, 2001 | 4:00 pm
#31
A FlyerTalk Posting Legend
Join Date: Sep 1999
Location: source of weird and eccentric ideas
Posts: 40,020
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.
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.
