The Covid-19 crisis is approaching its economic peak. Companies are in shell-shocked reaction mode. Yet that instinctive reaction – locking away cash – might well be the worst possible thing they could do.

The Covid-19 crisis is approaching its economic peak. Companies are in shell-shocked reaction mode. Yet that instinctive reaction – locking away cash – might well be the worst possible thing they could do.
It’s not such a crazy question. For the last hundred years or so – as long as aircraft have been an important part of economies – governments have claimed ownership of the...