Airline Bailout: What it Means for the Industry

Pilot to Pilot - Aviation Podcast

Justin Siems

Leisure, Hobbies, Business, Aviation, Careers

4.9 • 938 Ratings

🗓️ 27 March 2020

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Avination, I invited Dr. Jim Higgins back onto the podcast to talk about the airline bailout. Jim and I talk about what an airline bailout actually means for the airlines. How and why we have gotten to this point, and will this bailout actually protect all jobs?

Transcript

Click on a timestamp to play from that location

0:00.0	The State of the Industry bailout edition takes off now.
0:04.0	Jim Higgins, Professor of Aviation, University of North Dakota, John D. Otregard School of Aerospace
0:16.6	Sciences.
0:17.6	What is going on, Avi Nation, and welcome back to the Pilot the Pilot Podcast, Special Edition, the state of the industry bailout this is going to talk about anything and everything related to the bailout as we were recording this podcast the final bill was not passed it is now looking like the president
0:34.2	has still to sign it but we actually got the notification in the podcast that it
0:37.9	was through the house so some of the information and verbiage could be a
0:41.7	little different than what we talked about but what we do
0:44.4	know when we were recording this episode is it looks like the airlines were able to secure
0:48.4	grant and aid we don't know if that's going to come through specific grants or
0:52.0	maybe loans or they also talked
0:53.5	about potentially stakes in an airline. But this is what we do know the bill that
0:57.2	passed the Senate included 25 billion in grants for passenger airlines, 4 billion for cargo airlines, 3 billion for airline contractors like
1:04.7	catering workers, in exchange this will keep the companies from furloughing any workers through
1:09.6	September 30th, so this buys us the necessary time that we need in the airline world.
1:14.3	Aviation, the only plug I'm going to do is follow me on pilot the pilot and check out
1:17.7	aviation coronavirus news.com for any up-to-date airline information and other
1:22.2	than that I don't want to keep you any longer
1:23.7	so without any further ado here's the state of the industry bailout edition with
1:28.0	Jim Higgins. Jim what's going on welcome Welcome back to the Pilot Podcast.
1:34.0	Thanks for having me back, Justin.
1:36.0	Yeah, no problem. I promise you one day we will have you on and we will just talk good news,
1:40.0	we will just talk about North Dakota, we'll talk about you and your story, but right now that's not that's not the case. We need to talk so some more stuff has happened and some more information we can talk about and debrief a little bit.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Justin Siems, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Justin Siems and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.