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Old 09-21-2001, 06:26 AM
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Default Re: More On Airline Bailout



"I'm not sure what portion of this legislation that your calling welfare. I assume it's the 5 billion in cash that they are getting to offset the costs of the government mandated shutdown and subsequent lost business."


It was the compensation for "subsequent lost business." However, I believe the 5 billion number is much less than what was initially discussed.


"industry officials have said that at least three carriers might face bankruptcy if the help was not forthcoming."


If this occurred, I would expect the remaining carriers to seize the opportunity fill in any gaps in vitally needed air service.


Regards,


Mike



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