Originally Posted by
1201alarm
https://www.reuters.com/business/aer...es-2022-07-05/
Is that a scare tactic against the striking pilots or is it a diversionary tactic to divert from failed management strategies?
I fail to grasp the applicability of US bancruptcy law to a Scandinavian company. Or am I missing something?
Bankruptcy processes in the US are open to foreign companies that have assets or operations in the country.
The US bankruptcy Chapter 11 allows restructuring of the company without dissolution of the company. Chapter 11 bankruptcy in the US would probably not even be considered bankruptcy in Europe. Many foreign carriers have used American bankruptcy laws to their benefit... AeroMexico, LATAM and Avianca have all filed for reorganization under US bankruptcy laws.