AArpey med angrep paa Ch. 11

[LN-MOW]

I betraktning av at AA naa er den eneste av de store som ikke har vaert innom Ch. 11, maa han sies aa ha et poeng ...

Speaking from American Airline's headquarters at Fort Worth, Texas, Arpey tore into the way rival US airlines exploit Chapter 11 bankruptcy protection, saying: 'Under Chapter 11, companies can legally renege on their commitments to repay money or meet the terms of their contracts, so they can produce immediate cost savings and create a cost structure that can be difficult to compete with. Chapter 11 is used to perpetuate capacity that has failed.'

http://observer.guardian.co.uk/business/story/0,,1696991,00.html

 

[Someone]

Replying to Topic 'AArpey med angrep paa Ch. 11'

Han har ett poeng, men man maa huske paa at ch.11 baade har sine plusser og minuser.

Naar var forresten CO under ch.11? Trodde ikke de hadde vaert innom selv om i artikkelen her staar det at alle de store untatt AA har vaert innom

 

[LN-MOW]

Replying to Topic 'AArpey med angrep paa Ch. 11'

Fra continental.com:

September 23,1983
Continental filed to reorganize under Chapter 11 of the Federal Bankruptcy Code. Rebuilding the company began immediately and by the end of 1984, Continental recorded a $50 million profit.

June 30, 1986 Continental emerged from Chapter 11.

December 3, 1990
Rising fuel costs due to the Iraqi invasion of Kuwait led to Continental's second bankruptcy filing.

April 27, 1993
Air Partners/ Air Canada invested $450 million in Continental in November 1992, leading to second bankruptcy emergence.

 

[Someone]

Replying to Topic 'AArpey med angrep paa Ch. 11'

Ok. Var ikke klar over det, men de er uansett de eneste sammen med AA som ikke har vaert innom ch11 siden 9/11

 

[EB]

Replying to Topic 'AArpey med angrep paa Ch. 11'

Kan ikke han heller skrive litt om likvidering av andre selskaper...TWA og Reno!!!