Air travelers should be pleased to read this .
And the government hasn't bailed any airlines out recently using our tax dollars.
Coincidence? Me thinks not.
Friday, May 05, 2006
Hmmm...perhaps this competition thing isn't all that bad
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13 comments:
And the government hasn't bailed any airlines out recently using our tax dollars.
When did they? Other than a small bit of assistance after 9/11 our government hasn't bailed out any airlines.
Sorry having trouble posting a link, let's try again:
http://www.camagazine.com/index.cfm/ci_id/16437/la_id/1.htm
Here's just a few.
How quickly they forget.
Take a look at the history of 'Air Canada'.
Still having trouble...
http://www.camagazine.com/index.cfm/ci_id/16437/la_id/1.htm
Ok, seriously why does it keep cutting off the end of my link...URH!!!
Go to google, and enter "canadian airline bailout, numbers game"
And it's the first link.
Sorry for filling up the comments with my inability to post a simple link.
yes.
Interesting, where did the nazi post go david?
Here's the link Scott
AC, how did you do that? I tried entering the HTML tags and it didn't work (hence the deleted comment). I also then tried just posting the entire link, no tags and it got cut off.
AC, if you would, please drop me an e-mail at shennig@taxpayer.com teaching me your gift.
Thanks.
All you need to do is properly format the html.
If you haven't received the answer yet, let me know and I’ll email you the answer.
Nice try, Scott, but your link actually backs me up.
Lets review it shall we.
The $650 million bailout proposal for Air Canada never happened. So how can a bailout that didn't happen be evidence of the government bailing out the airline industry?
The $100 million in the wake of 9/11 I already conceeded. But that was an exceptional circumstance.
$0 for Canada 3000. Another instance that backs me up.
Now lets deal with the only two possible items that back you up.
$45 million to Quebecair. This money was mostly in the form of loan guarantees. It wasn't a handout since loan guarantees aren't a handout. So this too doesn't qualify as a bailout to the airline industry.
$195 million to Air Canada for purchases from the DND. Um hello, how is it a handout when the government buys something from a company. That's called doing business.
This is another example where dishonest hacks like you have simply made something up and distort the evidence to back it up. The fact is that the government has not bailed out the airline industry with our tax dollars.
I think the point was that a government bailout package was completely unneccessary since airlines are perfectly capable of raising equity through private investors or through the capital markets. A perfect example was the equity stake taken by the Li family in Air Canada and its subsequent return to profitability. Governments have an extremely poor track record for picking businesses to subside and support.
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