Yet again the iniquity of Chapter 11 proceedings!!!!
A company which can't or won't file its annual reports for years, makes huge losses, lays off its people, and yet is allowed to compete against healthy, well run companies without paying loan payments to creditors and lessors, yet again another example of the American 'level playing field'. All this does is drag down the whole aviation sector.
Let's hope that American (or anywhere elses) companies are banned from flying in the EU while in administration under the soon to be drafted EU/US aviation agreement. I will certainly be writng to my MP/MEP...anyone fancy joining a crusade?
