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A comment on Norwegian Air to cancel 85% of flights and temporarily lay off 90% of staff. Parent comment

Re:Norwegian Air to cancel 85% of flights and temporarily la... by marvin on Monday March 16, 2020 @03:12PM (#22596334)
Let's see what happens. But Norwegian privately owned, so if the state does bail them out, I sure as hell hope they wipe out the common shareholders in the process. This culture of moral hazard, "privatize the profit, nationalize the risk", is pure bullshit.

I probably agree with providing liquidity in the form of some sort of short-term loan in order to live through a completely unexpected macro crisis, if it's done on equal terms to everyone. But Norwegian won't survive that either, I think.

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Re:Norwegian Air to cancel 85% of flights and temporarily la... by ShinTakuya on Monday March 16, 2020 @08:01PM (#22599744)
Yes, this! I wouldn't be happy as a shareholder if this happened but if the last resort for a company is a government bailout the government should own the company and benefit from the recovery.
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