Dead Man Walking

[BoeingBoy]

US Airways, Without New Plan, Is Dead Man Walking: Doron Levin

March 22 (Bloomberg) -- US Airways Group Inc. faces a financial plight that recalls a bygone era in the early 1980s when Chrysler Corp. couldn't stay in business without a government loan guarantee.

Then, as now, the U.S. government had to decide whether to step in. Then, as now, it had to decide when enough is enough.

Bloomberg Column

Jim

 

[USA320Pilot]

I believe this is a balanced and accurate column.

Regards,

USA320Pilot

 

[UseYourHead]

US Airways, Without New Plan, Is Dead Man Walking: Doron Levin

March 22 (Bloomberg) -- US Airways Group Inc. faces a financial plight that recalls a bygone era in the early 1980s when Chrysler Corp. couldn't stay in business without a government loan guarantee.

Then, as now, the U.S. government had to decide whether to step in. Then, as now, it had to decide when enough is enough.

Bloomberg Column

Jim

This is a no-brainer....

"Chrysler, with loan guarantees, did manage a turnaround in the mid-1980s. Fortunately for it, competition by Japanese automakers hadn't yet reached today's deadly pace. Lots of investors made a fortune on rebounding Chrysler shares; even the government profited on Chrysler warrants; yet the automaker ultimately sold itself to Daimler-Benz AG in 1998.

Whatever US Airways pilots and other workers decide, they may have less time than they think. The U.S. airline industry has endured despite failed airlines - think Eastern, Pan Am, TWA. There won't be much sympathy if the airline returns to Washington with hat in hand."

 

[autofixer]

Also keep in mind, there were only three US auto manufacturers and it was deemed that they were important for national security reasons. How many airlines are there? Which airlines are the darliings of the media and government officials today? It sure is not UAIR.