Skybus announced Friday night that it was ending operations.
Loved this quote: "Their business plan had no chance of survival," said Michael Boyd, the
president of The Boyd Group Inc., an aviation-consulting company in
Evergreen, Colo. "If oil prices were half where they were, it would
have just prolonged the inevitable."
Oh, great. Good thing us taxpayers only sank a few million dollars into a business model that had "no chance of survival."
We need to use the Skybus incentives debacle to change the secretive system of handing out taxpayer money:
1. More transparency on what deals are in the works so the public can have input
2. Have someone other than bureaucrats determine if a business has a viable business model and is worthy of investment by taxpayer dollars
3. Increased clawback provisions so government can get a seat at the table in bankruptcy court to get back the money we used to subsidize them.
4. Elect a governor (any of the 8 running) who will actively recruit business and not just show up for the ribbon cutting
or, my preference:
5. End the use of corporate welfare