Re:America's bailed-out airlines are not 'playing fair' with...
by gambiting on Saturday March 28, 2020 @01:48PM
(#22712852)
UK government bailed out Rolls-Royce by nationalising it, turned it into a successful company, and then privatised it again 18 years later(there's a common argument made that perhaps it was nationalised for too long, but the effect was certainly positive).
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Re:America's bailed-out airlines are not 'playing fair' with...
by sjm-lbm on Saturday March 28, 2020 @02:19PM
(#22713098)
I'm not sure the UK nationalizing car companies is a great example that we should be looking at - via British Leyland, they nationalized a lot of brands that never really recovered (Rover, Triumph, Austin, etc.).
Re:America's bailed-out airlines are not 'playing fair' with...
by catalogia on Saturday March 28, 2020 @02:31PM
(#22713213)
> car companies
It wasn't about cars, it was about jet engines. The original Rolls-Royce produced both cars and airplane engines and was nationalize in 1971. The automobile part of the business was sold by the government two years later in 1973 as Rolls-Royce Motors while Rolls-Royce Limited produced jet engines and remained nationalized for 18 years.
Today Rolls-Royce is the second largest manufacturer of jet engines, after GE.