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[watfordhornet] 15/3/2020 21:12

Yes - more interested about the co-ordinated central Bank action apparently with US, Canada, UK and others

[loganair] 15/3/2020 21:09

Fed has just cut interest rates to ZERO.

[watfordhornet] 15/3/2020 21:08

Sounds like co-ordinated action coming out. Guessing it will be huge to stop this declineLet's see

[waikenchan] 15/3/2020 20:55

Well we will see what happens when the dust settles.

[loganair] 15/3/2020 20:50

The Dutch, German, Swiss and Italian governments have all recognised the economic need to have a National airline and are therefore instigating some form of rescue packages for their National airlines.

[m1k3y1] 15/3/2020 20:47

bennodean......it is about saving the country . How are you going to trade with other countries if you don't have the ability to export and import.

[heialex1] 15/3/2020 20:45

This is a societal crisis not did company.

[waikenchan] 15/3/2020 20:35

You could argue banks have important role in the uk - even more so than airlines. Lloyds were not getting bailed out at £5.00 per share. Rbs was not getting bailed out at £10.00 per share. They let them do to the wall.

Rbs was hours from bankruptcy, and only then Alistair darling stepped in and guaranteed their liabilities.

I got in to early with shell. Try and not do the same with IAG.

[andycapp1] 15/3/2020 20:31

Smartie6 don’t be such a cretin. This is temporary, utterly unforeseen and when it’s over BA, EasyJet, Ryanair etc will be essential for the economy to recover. Comments like this are so crass and bluntly thick

[loganair] 15/3/2020 20:26

If the UK government takes a stake in IAG they'll not be buying shares at the market price, they just say we'll offer you 'X' amount of money for a 'Y' stake.

I was just thinking about Qatar Airways who increased their stake in IAG by 4% paying top dollar when this coming week they could of bought the same stake for 50% or even 75%, 85% less.

[nw99] 15/3/2020 20:17

Airlines provide a very useful function for our society and economy. And if they are seriously disrupted by something totally outside their control - eg #Cronavirus - there is a strong case for temporary gov't intervention and support.

[waikenchan] 15/3/2020 20:10

Governments will only come in once share price is decimated! Why take a stake at £3.40 when you can take a larger stake at £1.00. Governments will be slow to react to this.

Look at lloyds, rbs, bank of America, AIG and other numerous examples. Look when governments intervened.

[nw99] 15/3/2020 20:01

The Italian government is close to taking full control of Alitalia, as the coronavirus outbreak in Europe was forcing it to abandon plans to find a buyer for the ailing national carrier, daily Il Messaggero said on Sunday.

[loganair] 15/3/2020 20:00

Air New Zealand is further reducing capacity across its network as coronavirus reduces demand for travel.

The airline has placed itself into a trading halt today to allow it time to more fully assess the operational and financial impacts of global travel restrictions.

On its long-haul network Air New Zealand will be reducing its capacity by 85 per cent and will only operate a minimal schedule to allow Kiwis to return home and to keep trade corridors with Asia and North America open.

[watfordhornet] 15/3/2020 19:52

It is not a bailout like the Banks. Low/no interest loans for 6-12 months is what is needed.The reality is you cannot have no airlines

[andycapp1] 15/3/2020 19:47

Smartie6 don’t be such a cretin. This is temporary, utterly unforeseen and when it’s over BA, EasyJet, Ryanair etc will be essential for the economy to recover. Comments like this are so crass and bluntly thick

[smartie6] 15/3/2020 19:41

Never again they said. You fail to realise that there's little to no benefit. Bailout every industry or just ones that you like?
30years of paying back what they've already promised.

[jailbird] 15/3/2020 19:38

Look if you want a brexit Britain You need ppl in work Potentially Massive job losses means no tax revenues from corporation tax and working ppl Gov needs to help via bailouts Can did it for f'ing banks so why not for everyday working person

[loganair] 15/3/2020 19:38

Lufthansa boss, Carsten Spohr is in talks with Angela Merkel to discuss also possible government support. “Over the coming days at least two-thirds of our almost 800-strong fleet will be grounded."

[smartie6] 15/3/2020 19:33

No government bailout they should be left to fail. Just like Flybe. If they aren't government will face a legal battle.

[m1k3y1] 15/3/2020 19:24

The FT
Airlines step up calls for emergency state aid