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Has Any Airline Been Able To Get Out Of Chapter 11  
User currently offlineBA747 From Venezuela, joined Sep 2005, 106 posts, RR: 1
Posted (8 years 7 months 7 hours ago) and read 4724 times:

Hi, I don´t know if this topic has been discussed before. Since 3 airlines are currently under chapter 11 I was just wondering if in previous situations any airline has been able to survive the crisis.

Saludos,

Alex
CCS


The World`s Favorite Airline
18 replies: All unread, jump to last
 
User currently offlineJet-lagged From United States of America, joined Mar 2002, 868 posts, RR: 0
Reply 1, posted (8 years 7 months 7 hours ago) and read 4714 times:

Continental did (twice?) and actually have done well.

User currently offlineByrdluvs747 From United States of America, joined Jul 2004, 2313 posts, RR: 1
Reply 2, posted (8 years 7 months 7 hours ago) and read 4706 times:

HP did and now they own bankrupt US.


The 747: The hands who designed it were guided by god.
User currently offlineATLFlyer323 From United States of America, joined Jan 2005, 613 posts, RR: 0
Reply 3, posted (8 years 7 months 7 hours ago) and read 4680 times:

Quoting Byrdluvs747 (Reply 2):
HP did and now they own bankrupt US.

Which will be out of bankrupcy if they are not already.

~Brandon



Everyday, the fluffy temptation of wheat!
User currently offlineER757 From Cayman Islands, joined May 2005, 2436 posts, RR: 7
Reply 4, posted (8 years 7 months 7 hours ago) and read 4676 times:

Hawaiian just came out of CH11 recently too

User currently offlineUsAirways16bwi From United States of America, joined May 2004, 1004 posts, RR: 4
Reply 5, posted (8 years 7 months 7 hours ago) and read 4645 times:

Quoting ATLFlyer323 (Reply 3):
Which will be out of bankrupcy if they are not already.

they are


User currently offline797 From Venezuela, joined Aug 2005, 1875 posts, RR: 28
Reply 6, posted (8 years 7 months 6 hours ago) and read 4605 times:

Has AA ever been on Ch 11?


Flying isn't dangerous. Crashing is what's dangerous!
User currently offlineKanebear From United States of America, joined May 2002, 953 posts, RR: 2
Reply 7, posted (8 years 7 months 6 hours ago) and read 4601 times:

Quoting 797 (Reply 6):
Has AA ever been on Ch 11?

No. They're now the only legacy carrier never to have been in bankruptcy.


User currently onlineMasseyBrown From United States of America, joined Dec 2002, 5222 posts, RR: 7
Reply 8, posted (8 years 7 months 2 hours ago) and read 4465 times:

Avianca declared Chap 11 bankruptcy in the US, reorganized, and is now out.


Consilivm: Cave ne nothi te vexant
User currently offlineDLKAPA From , joined Dec 1969, posts, RR:
Reply 9, posted (8 years 7 months 2 hours ago) and read 4455 times:

Continental had a foot in the grave before Lorenzo left. America West has also seen bankruptcy back in the early 90's, then the recent DL, UA, NW, and US filings, US emerged earlier today, and it's a pretty safe bet DL and NW will come through nice and lean.

Quoting Kanebear (Reply 7):

No. They're now the only legacy carrier never to have been in bankruptcy.

Tell that to Airtran and Jetblue. Because they both have revenue of over $1 billion, they are legacy carriers.


User currently offlineSCCutler From United States of America, joined Jan 2000, 5397 posts, RR: 26
Reply 10, posted (8 years 7 months 1 hour ago) and read 4420 times:

Quoting DLKAPA (Reply 9):
Continental had a foot in the grave before Lorenzo left.

Of course, when Francisco Lorenzo and his scrappy lil' Texas International succeeded in buying CO, they found out that Continental had one foot and four toes in the grave. Lorenzo's (Texas Air's) acquisition is the sole reason CO survived.



...three miles from BRONS, clear for the ILS one five approach...
User currently offlineHa763 From United States of America, joined Jan 2003, 3601 posts, RR: 6
Reply 11, posted (8 years 7 months 1 hour ago) and read 4404 times:
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Quoting DLKAPA (Reply 9):
Tell that to Airtran and Jetblue. Because they both have revenue of over $1 billion, they are legacy carriers.

They are not legacy carriers. They are still LCCs. Just like how Southwest is not considered a legacy carrier, but still a LCC. Legacy carrier mostly is in reference to the American carriers that have been around pre-degregulation and provide a "full service" product. The $1 billion revenue threshold allows them to be classified as a major carrier.


User currently offlineByrdluvs747 From United States of America, joined Jul 2004, 2313 posts, RR: 1
Reply 12, posted (8 years 7 months ago) and read 4360 times:

Quoting DLKAPA (Reply 9):
Tell that to Airtran and Jetblue. Because they both have revenue of over $1 billion, they are legacy carriers.

 Yeah sure

Money in the bank does not make a carrier a legacy airline.



The 747: The hands who designed it were guided by god.
User currently offlineVegasplanes From United States of America, joined Jun 2005, 778 posts, RR: 2
Reply 13, posted (8 years 7 months ago) and read 4368 times:

Quoting Kanebear (Reply 7):
Quoting 797 (Reply 6):
Has AA ever been on Ch 11?

No. They're now the only legacy carrier never to have been in bankruptcy.

How about Alaska,

Also, TWA emerged twice I believe, you know what they say, third times a charm, not to be offensive to any TW employees or supporters.

US twice emerged.

Quoting BA747 (Thread starter):
Since 3 airlines are currently under chapter 11

How about 5, TZ, NW, UA, DL, and Aloha here in the USA. We did have six until US emerged.


User currently offlineSolnabo From Sweden, joined Jan 2008, 847 posts, RR: 2
Reply 14, posted (8 years 7 months ago) and read 4355 times:

When does Ch 7 kicks in?

Curius

Micke//SE  Confused



Airbus SAS - Love them both
User currently offlineVegasplanes From United States of America, joined Jun 2005, 778 posts, RR: 2
Reply 15, posted (8 years 6 months 4 weeks 1 day 23 hours ago) and read 4331 times:

Quoting Solnabo (Reply 14):
When does Ch 7 kicks in?

Basically, when the company can not borrow any more money, the money they have is gone, the creditors force a liquidation (that is what Ch. 7 is), the judge believes that the creditors will receive more by liquidating than as a going concern. There is no "set time limit" currently, that is changing with the new BK laws that go into effect on 10/17/05. Currently it is pretty much the judge and the creditors and whenever the judge decides that the concern is no longer going, than it is time to liquidate.

hope that answers your question.


User currently offlineSolnabo From Sweden, joined Jan 2008, 847 posts, RR: 2
Reply 16, posted (8 years 6 months 4 weeks 1 day 22 hours ago) and read 4292 times:

Quoting Vegasplanes (Reply 15):

Thx for answer my question.

Micke  wave 



Airbus SAS - Love them both
User currently offlineDLKAPA From , joined Dec 1969, posts, RR:
Reply 17, posted (8 years 6 months 4 weeks 1 day 11 hours ago) and read 4082 times:

Quoting Byrdluvs747 (Reply 12):
Money in the bank does not make a carrier a legacy airline.



Quoting Ha763 (Reply 11):
The $1 billion revenue threshold allows them to be classified as a major carrier.

"Legacy" and "major" what's in a name? I mean really comeon?  footinmouth 


User currently offlineVegasplanes From United States of America, joined Jun 2005, 778 posts, RR: 2
Reply 18, posted (8 years 6 months 4 weeks 1 day 10 hours ago) and read 4037 times:

Quoting Solnabo (Reply 16):
Thx for answer my question.

Micke wave

No Problem.


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