News1 min ago
Bailout At 35,000 Feet
So the Government is going to throw £tens of Billions of our money to save the airlines.
British Airways - Mostly Spanish/Arab owned
Virgin - 49% American
EasyJet - Greek
RuanAir - Irish.
15 airlines have gone out of business in the last 5 years (including Monarch and Thomas Cook), because there are too many of them.
Let market forces prevail, and the ones that survive will be stronger.
Buying stakes in airlines now is a waste of taxpayers money - we shouldn’t bail them out.
British Airways - Mostly Spanish/Arab owned
Virgin - 49% American
EasyJet - Greek
RuanAir - Irish.
15 airlines have gone out of business in the last 5 years (including Monarch and Thomas Cook), because there are too many of them.
Let market forces prevail, and the ones that survive will be stronger.
Buying stakes in airlines now is a waste of taxpayers money - we shouldn’t bail them out.
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I can see the logic of trying to preserve at least a rump of British industries, otherwise when/if normality resumes the world will be taken over by Chinese and US concerns.
However, as Gromit says, even British Airways isn't British. Virgin is, but only just. EasyJet seems to be - its owner, EasyGroup, operates from London though registered in the Caribbean.
So I'm not sure there's any special reason to pour money into them, beyond the jobs they may create locally.
However, as Gromit says, even British Airways isn't British. Virgin is, but only just. EasyJet seems to be - its owner, EasyGroup, operates from London though registered in the Caribbean.
So I'm not sure there's any special reason to pour money into them, beyond the jobs they may create locally.
bednobs, there's a bailout plan called Project Birch, though I don't think any recipients have been specified
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//you can't go anywhere from the UK with Air France except France.//
with air France, from the UK, you'll probably only be able to fly directly to Paris. but after that it should still be possible to reach a lot of Europe. if BA and other "British" carriers go under it may well become the new reality. but of course the industry will be awash with redundant aircraft which the remaining airlines may well seek to charter to holiday companies, etc.
whatever happens to aviation in the next weeks and months, it won't be anything like it was 2 months ago, and there's likely to be a much reduced choice for potential passengers.
with air France, from the UK, you'll probably only be able to fly directly to Paris. but after that it should still be possible to reach a lot of Europe. if BA and other "British" carriers go under it may well become the new reality. but of course the industry will be awash with redundant aircraft which the remaining airlines may well seek to charter to holiday companies, etc.
whatever happens to aviation in the next weeks and months, it won't be anything like it was 2 months ago, and there's likely to be a much reduced choice for potential passengers.
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