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To: DoodleDawg

“I don’t understand the Boeing bailout.”

Airlines cannot pay for those 737 MAX aircraft when the Max is released. That’s about $100 million an aircraft and I believe 380 are waiting delivery.


38 posted on 03/25/2020 7:01:46 AM PDT by CodeToad (Arm Up! They Have!)
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To: CodeToad
Airlines cannot pay for those 737 MAX aircraft when the Max is released. That’s about $100 million an aircraft and I believe 380 are waiting delivery.

The bailout of the airlines should help that, though the problem the airlines are facing is also self-inflicted. They racked up large debt ordering new airplanes and used their record profits to buy back stock - over $14 billion for American Airlines alone over the past two or three years. Hopefully the bailout contains a prohibition on future stock buybacks until the federal loans are paid back.

40 posted on 03/25/2020 7:31:32 AM PDT by DoodleDawg
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