Originally Posted by
industry insider
I am not sure if the inner workings of Voluntary Administration versus US style Chapter 11, but under Chapter 11, equipment can be handed back to lessors on an "as is where is" basis. I have seen aircraft returned to lessors which are no longer airworthy due to expired scheduled maintenance. The lessor has been responsible for conducting outstanding maintenance and flying the aircraft back to the chosen parking destination.
The mysterious Chapter 11.It's a lawyer's lollypop. As a kid in the 70s I remember airlines in the US could fly for years in Chapter 11, and it's also a mechanism to be merged.
For instance, American Airlines today is a result of combining, Trans Caribbean,Air California,Eastern,Reno Air,Ozark/TWA,US Airways.
Same story for Delta and United which are a result of 5 or 6 smaller airlines. I think the only airline that didn't merge was poor old Braniff.
The only ones I can think of downunder :
ANA & Ansett forming Ansett-ANA
TAA/Australian merged into Qantas
Eastern/Sunstate/Southern forming Qantaslink throw in Impulse.
Where am I going with this. Well surprisingly with most airlines on the brink the word merger has not popped up.
Everyone is fighting to keep their name alive.