Tony Posted April 18, 2010 Share Posted April 18, 2010 Considering that after only 3 days of shutdown the US airline industry needed a $15 billion bailout, can we, should we expect a similar bailout of UK airline industry? Rumours abound of staff about to lose their jobs through the volcano in Iceland shutting down northern European airspace. Staff are scattered around the world in hotels and passengers are faced with no payout from insurers. Do they deserve a bailout ? Link to comment Share on other sites More sharing options...
melthebell Posted April 18, 2010 Share Posted April 18, 2010 its amazing how brittle we really are in the great scheme of things Link to comment Share on other sites More sharing options...
[Matt] Posted April 18, 2010 Share Posted April 18, 2010 its amazing how brittle we really are in the great scheme of thingsIndeed. This minor volcanic incident has made me realise that on the grand scheme of things Mother nature has the power to take us back to the stone age in an instant... Link to comment Share on other sites More sharing options...
Phanerothyme Posted April 18, 2010 Share Posted April 18, 2010 They should have taken out insurance. Link to comment Share on other sites More sharing options...
Greybeard Posted April 18, 2010 Share Posted April 18, 2010 Do they deserve a bailout ? Certainly not ! Let the shareholders forgo their dividends for a few years. In any case the govt. would have to borrow the cash to give to the airlines. I might consider lending BA a few grand at 4 points above base rate...provided it was backed by govt. cast-iron guarantee There will be many people facing hardship and possible bankruptcy as a result of this little calamity, people in Africa for example who stand to lose their livelihoods growing fruit, veg and flowers. I don't see the airlines as a special case. Link to comment Share on other sites More sharing options...
HeadingNorth Posted April 18, 2010 Share Posted April 18, 2010 If the airlines go under, all those people in Africa lose their livelihoods anyway because nobody can fly their produce to Europe... Link to comment Share on other sites More sharing options...
swordfish1 Posted April 18, 2010 Share Posted April 18, 2010 It's nice to know that Ryanair's boss, Michael O'Leary is losing a few quid. Anyway, can't stop because I'm off to stock up on food for the next couple of months Link to comment Share on other sites More sharing options...
altus Posted April 18, 2010 Share Posted April 18, 2010 If the airlines go under, all those people in Africa lose their livelihoods anyway because nobody can fly their produce to Europe... No. Those airlines may go bust, but they'll be replaced by others who might charge slightly higher prices so they can buy better insurance. Link to comment Share on other sites More sharing options...
altus Posted April 18, 2010 Share Posted April 18, 2010 Anyway, can't stop because I'm off to stock up on food for the next couple of months The only food this is effecting is the perishable stuff. Buying a couple of months supply of that will leave you with a smelly mess. Link to comment Share on other sites More sharing options...
DaFoot Posted April 18, 2010 Share Posted April 18, 2010 They should have taken out insurance. We all know how slippery insurance companies are. Even if someone did take out insurance no doubt they'd wiggle out of paying by saying they don't pay for "act of God". Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.