What I can figure out is why anyone wants to be a creditor to a US major these days?
Just
who are the the major creditors these days of big US airlines?
If I lend you some money and you don't repay me, I get nervous about lending you more.
Call me a conspiracy theorist, but I can't help thinking that once in Ch 11 there is more going on behind the scenes than meets the eye. The political influence on the process seems to me, incontrovertible. But to what end? The critics are right his time. History appears condemned to repeat itself.
The underlying economics of the American aviation industry are no different from that the world over. Last time I looked, it was signed up the to the Western Worlds capitalist hegemony.
Re-regulation isn't the solution. How ironic to hear that from such quarters.
It ought to be able to make it work like other airlines do.
The notion that it isn't ultimately the tax-payers, though, that pick up the bill is laughable...that is, until
you retire.
