Why Bailouts Make Sense Under These Circumstances...
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March 18, 2020 - by Scott Hamilton for leehamnews.com
The Federal government is preparing a bailout, said to be more than $1 trillion ($1000bn), to pump into the US economy.
Airlines want $50bn. Boeing wants $60bn for the aerospace industry. It's unclear how much is for Boeing and how much is for industry.
Opposition for the airlines and Boeing was quick to emerge. The objection: how much each spent in recent years on shareholder buybacks.
The bailout package goes across the US economy and includes direct cash grants to individuals. In keeping with LNA's business, I focus in the column only on aviation.
In principal, I don't have an issue with the theory of the Boeing request.
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