Sponsor Message:
Non Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Should US Airlines Get Part Of The Bailout $?  
User currently offlineBP1 From United States of America, joined Aug 2007, 593 posts, RR: 1
Posted (6 years 1 month 1 week 4 days 15 hours ago) and read 2094 times:

If the US government is going to bail out the auto industry why not get the money for the airline industry too?

Nancy Pelosi are you listening?

Cheers,
BP1


"First To Fly The A-380" / 26 October 2007 SYD-SIN Inaugural
5 replies: All unread, jump to last
 
User currently offlineDelta763 From United States of America, joined May 2008, 318 posts, RR: 0
Reply 1, posted (6 years 1 month 1 week 4 days 15 hours ago) and read 2063 times:

Might as well. Everyone else seems to think they're entitled to a piece of the government cheese.

User currently offlineB752OS From United States of America, joined Dec 2005, 1322 posts, RR: 0
Reply 2, posted (6 years 1 month 1 week 4 days 15 hours ago) and read 2053 times:

I doubt that the airlines would see any money in the bailout. The auto industry is crawling on their knees to get some of that money. I personally don't think they should see any of it. Or if they do, it should come in the form of a loan with a high interest rate.

The U.S. auto industry needs to learn how to adapt to competition, make cars that people want to drive, look good and are dependable.

In any event, the airline industry in general is not as bad as the auto industry is in. If oil had hit $200 a barrel I would say they should get some.


User currently offlineMKENut From United States of America, joined Jul 2007, 699 posts, RR: 1
Reply 3, posted (6 years 1 month 1 week 4 days 14 hours ago) and read 2032 times:



Quoting BP1 (Thread starter):
Nancy Pelosi are you listening?

Please don't give her any more ideas!

When I first heard the auto industry wanted a bailout I yelled out "NO!" But an argument came up that the U.S. auto industry is a strategic industry of national security I had second thoughts. I still don't think it is a good idea to loan U.S. Taxpayer money to the auto industry.

As for the airlines... they know how to file bankruptcy and stay in business. If they liquidate, someone always fills in the vacuum left behind.


User currently offlineGothamSpotter From United States of America, joined Jan 2005, 586 posts, RR: 0
Reply 4, posted (6 years 1 month 1 week 4 days 14 hours ago) and read 2013 times:

Not going to happen, nor should it. I haven't heard any talk about the airlines wanting a piece, and the circumstances surrounding the airline industry vs. the auto industry and the banking sector are quite different.

For one thing, GM is on pace to lose more money this year than every airline in the world combined. With the exception of UA, the nation's largest airlines are in comparatively phenomenal shape.

For another, if a GM or a Ford is allowed to fail, many of their suppliers, which provide parts to multiple manufacturers, would also fail, causing other car builders like Toyota to slow down or stop manufacturing. If GM were to fold, one study estimated 3 million jobs would be lost directly and indirectly. If UA were to fold, other carriers would likely buy many of their aircraft and rehire many of their workers to pick up the slack.


User currently offlineDfwRevolution From United States of America, joined Jan 2010, 1001 posts, RR: 51
Reply 5, posted (6 years 1 month 1 week 4 days 14 hours ago) and read 1990 times:



Quoting BP1 (Thread starter):
If the US government is going to bail out the auto industry why not get the money for the airline industry too?

Absolutely not, ban user for asking. The auto and financial sectors are in real crisis that could pull other sectors of the economy down with them. The airline industry is doing great in comparison to those industries. No major airline faces the prospect of insolvency by years end, which is what we are looking at with some of the automakers.

And even if we did, there's no single airline failure that would have the effect of one of the automakers failing. I don't know where the "bailout line" is drawn, but it's well short of the airlines. If they can't restructure in Ch. 11, they should liquidate.


Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
America Should Get Out Of The U.N. posted Sun Aug 18 2002 02:50:15 by Galaxy5
Any Voting In Your Part Of The USA Today? posted Tue Aug 5 2008 12:12:10 by Falstaff
Jim Rogers :get Out Of The $ Investments.. posted Thu Nov 1 2007 11:01:55 by Beaucaire
Favorite Borat Quote/part Of The Film? (spoilers) posted Fri Nov 3 2006 11:21:10 by Kay
Favorite Part Of The Original Star Wars Trilogy? posted Sun Jan 23 2005 06:19:02 by Delta717
Iraq Becoming Part Of The USA Like Puerto Rico? posted Tue Sep 28 2004 05:04:42 by Wardialer
Last Part Of The Iron Curtain Is Torn Down posted Sat Feb 14 2004 09:02:58 by L-188
US Harboring Terrorists? (Friend Of The Bush Klan) posted Fri Jan 18 2002 10:29:44 by Superfly
I Am Part Of The Best Debating Team! posted Sat Mar 3 2001 02:26:32 by L'Espace180
The Cartoons Finally Get Banned In Part Of Europe posted Thu Aug 16 2007 07:41:42 by Bravo45