Sounds like everyone wants a free ride on taxpayers’ backs. AIG has $9.3B in cash reserves.
Last I checked, close to 70% of US employment comes from small businesses. 80% of GDP are small to mid-size businesses. Not sure what these bigger companies bring but nickel and diming for bags, libation, and checking early fees.
Let’s hope people don’t buy into mainstream media fears.
David B. Is spot on.
Regional airlines do not sound especially necessary to me. If they are, then the regions who need them should be doing what they always do which is subsidizing them. Otherwise, they can be covered under the same program as everyone else, which appears to be a check to cover groceries.
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Wow. The next time you are in court I hope the judge uses that kind of logic in deciding your case!
So pointing fingers and making unsupportable statements about your neighbors is your SOP?
The part 125 carriers are an essential component of the major airlines’ business model. One can’t survive without the other. If a federal rescue is in the offing, I don’t see how 121 operators get assistance and 125 operators do not.
Another alternative might be to unwind each insolvent major along with its regional partner(s) in the same chapter 11 action, then allow an administrative law judge to discharge their liabilities together. I have no idea whether or not that’s allowed. If it is the share holders would certainly have a fit.