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Bonus Episode: Coronavirus News and Industry Bailouts
After Hours
Is There a Time for Despiteness?
Ounoso: We have to be ruthlessly forward looking. There is a lot of irresponsible lending and borrowing that happened in the last seven years. Ounoso: If there's a sense that airlines is one of these weird industries where both the companies and the investors always underestimate the riskiness of the industry, then yes, by all means, couple those bale out provisions with the sense that we're going to think about liquidity requirements a little differently.
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