Originally Posted by
LGS6753
Yes - Chapter 11 is an abomination that has kept far too many zombie companies alive to the detriment of healthy, better-managed competitors. In my working life, I would never extend credit to any business that had entered into a CVA - it was usually only a matter of time before they were looking for another one.
My approach p!ssed off a number of my sales staff though!
Agree that this is capitalism at its worst, but also remember there's a lot of people still in work with companies resurrecting them selves. Its easy to forget that for ordinary people its jobs that matter, not the corrupt system. I am sure if Flybe do return it will be a welcome jobs boost to an industry in terminal decline