dreamstime_s_180708550 (1)
© Boarding1now |

Interesting piece in the New York Times looking at the US airline bailout programmes. While 75,000 jobs were saved, it was at a cost of $300,000 each. And it is airline shareholders who have made the most gains – many of which are of course airline executives who failed to save for a rainy day, instead opting for share buyback programmes over the years. Aviation received more support than any other industry in the US – and yet last month, United, shortly before receiving its third rescue package, invested $20m into an electric helicopter company. As the NYT notes: “Does that sound like a company that is in such dire straits that it requires a taxpayer-funded bailout?” Quite.

Comment on this article

You must be logged in to post a comment.