PPRuNe Forums - View Single Post - Delta & Northwest file for Chapter 11
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Old 15th Sep 2005, 09:01
  #31 (permalink)  
fmgc
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Thaks for your info guys.

While a company is in Ch 11 it must decide which of its contracts it will honour and which it will reject on emergence from bankruptcy so it can walk away from a long term contract thatwas hurting it
wrt the above, what protection is there for the organisations that have their contracts rejected? Is it not just a carte blanche to reject everything you don't like?
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