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US Changes Chapter 11 Rules  
User currently offlineJoni From , joined Dec 1969, posts, RR:
Posted (8 years 11 months 1 week 3 days 10 hours ago) and read 1629 times:

This is going to have some relevance in the future behaviour of the US "majors":

http://news.bbc.co.uk/2/hi/business/4342900.stm

1 replies: All unread, jump to last
 
User currently offlineLexer From Italy, joined Sep 2005, 153 posts, RR: 0
Reply 1, posted (8 years 11 months 1 week 3 days 9 hours ago) and read 1580 times:

I suppose we'll have to wait and see how it will affect their behaviour exactly.

But Delta's current route expansion is clearly carried out under the protection of current bankruptcy legislation which others (i.e. non-US carriers) do not enjoy. In this sense it's false competition (as are subsidies) and unfair trade and I wonder if the WTO shouldnt have a look at it. I'm actually surprised it hasn't been challenged already before the WTO, though that may already have happened, I don't know.


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