gunnerman wrote:jomur wrote:gunnerman wrote:
With the crisis set to continue no airline is safe. Regardless of how much cash it has just about every airline will go bankrupt by May unless it gets help, so everyone is in survival mode these days. BA is no different and it will get help by reclaiming from the UK government 80% of salaries, capped at £2,500pm, of the over 30,000 recently laid off employees.
But BA's employees are going to get more than 80%. And why do do assume that even BA/IAG will go bust when they have categorically said they have enough cash and reserves to last a lot longer and don't need a government bail out. They don't have a massive bill for aircraft to pay as most are paid off.
How come you think that BA being able to reclaim 80% of over 30,000 employees' salaries isn't a form of bailout? Furthermore any company whose business has fallen drastically is in trouble. As for aircraft: BA has 82 (about 29% of the fleet) on off balance sheet operating leases and finance leases of £4bn secured on aircraft and other assets, so that's not exactly "most are paid off".
Because its available to just about every company in the UK without strings at the moment and any company would be silly not to take advantage of it. Virgin could have done the same but as far as I know they haven't and their employees are still on unpaid leave.