PPRuNe Forums - View Single Post - SR111 liability vs SR bankruptcy
View Single Post
Old 28th December 2001 | 15:33
  #3 (permalink)  
L1011
 
Joined: Sep 1999
Posts: 233
Likes: 0
From: the world
Post

Most airlines operating in the real world that suffer a hull-loss, go out of business within five years. I believe the figure is over 60%. Pan-Am, Valujet, TWA, Swissair are examples.

Don't know if there is any research as to why this is so. Loss of pax confidence, liablitiies, lawsuits and damage to the brand I suppose.

Obviously does not apply to CAL, KAL, etc. Government bail-outs keep them in the air probably.
L1011 is offline