Bailout At 35,000 Feet

[Gromit]

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.

[Deskdiary]

We absolutely should support BA, and any other UK airline for that matter, to suggest otherwise shows a shocking ignorance of how business works.

Gromit is whining that BA isn't completely owned by the UK, and uses that as a reason for not supporting them, but there's loads of UK pension funds that are invested in BA.

The ramifications of not supporting BA are too great.

[Zacs-Master]

Well, ironically I believe the quarantine measures are designed to do exactly the opposite of killing us.

[douglas9401]

I'd just like to say a big 'thank-you' to Jet2 for the prompt refund of all money paid for two flights to Lanzarote booked for early June.

We'll rebook with them when it all calms down.

[Gromit]

Deskdiary

// there's loads of UK pension funds that are invested in BA. //

More fool them. We are supposed to bail out pension funds now when their bets go tits up?
What utter nonsense.
BA is 25% owned by Qatar Airways, and 37.5% Iberia. Why should UK taxpayers money be going to them?

[Hopkirk]

BA cannot be part owned by Iberia. Both BA and Iberia are owned by IAG.