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Non-Tech : Airline Discussion Board
JETS 23.99-3.5%Nov 17 4:00 PM EST
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To: Art Bechhoefer who wrote (1213)7/9/2020 4:24:42 PM
From: Moonray  Read Replies (1) of 1868
 
Previously, the U.S. government bailed out General Motors in exchange for preferred stock. The subsequent sale of the stock allowed for complete recovery of the government investment.
They DID more and GOT more than that:
"Yet in the end, the Troubled Asset Relief Program
and the Detroit bailout yielded $15.35 billion in profit,
Treasury officials said Friday." from: nytimes.com

I can see no reason something similar will not happen
with the airline industry. With autos there was a risk to
American automakers that they could not sell profitably
due to foreign competition. With airlines there is not a
chance that KLM will swoop in and take over the DEN
to ATL route.

o~~~ O
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