ba747
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Has Any Airline Been Able To Get Out Of Chapter 11

Wed Sep 28, 2005 10:04 am

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
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Jet-lagged
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RE: Has Any Airline Been Able To Get Out Of Chapter 11

Wed Sep 28, 2005 10:05 am

Continental did (twice?) and actually have done well.
 
Byrdluvs747
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RE: Has Any Airline Been Able To Get Out Of Chapter 11

Wed Sep 28, 2005 10:06 am

HP did and now they own bankrupt US.
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ATLFlyer323
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RE: Has Any Airline Been Able To Get Out Of Chapter 11

Wed Sep 28, 2005 10:10 am

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

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

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ER757
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RE: Has Any Airline Been Able To Get Out Of Chapter 11

Wed Sep 28, 2005 10:10 am

Hawaiian just came out of CH11 recently too
 
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RE: Has Any Airline Been Able To Get Out Of Chapter 11

Wed Sep 28, 2005 10:16 am

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

they are
 
797
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RE: Has Any Airline Been Able To Get Out Of Chapter 11

Wed Sep 28, 2005 10:34 am

Has AA ever been on Ch 11?
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kanebear
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RE: Has Any Airline Been Able To Get Out Of Chapter 11

Wed Sep 28, 2005 10:36 am

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.
 
masseybrown
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RE: Has Any Airline Been Able To Get Out Of Chapter 11

Wed Sep 28, 2005 2:40 pm

Avianca declared Chap 11 bankruptcy in the US, reorganized, and is now out.
 
DLKAPA
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RE: Has Any Airline Been Able To Get Out Of Chapter 11

Wed Sep 28, 2005 2:54 pm

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.
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RE: Has Any Airline Been Able To Get Out Of Chapter 11

Wed Sep 28, 2005 3:45 pm

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.
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ha763
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RE: Has Any Airline Been Able To Get Out Of Chapter 11

Wed Sep 28, 2005 4:01 pm

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.
 
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RE: Has Any Airline Been Able To Get Out Of Chapter 11

Wed Sep 28, 2005 5:01 pm

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.
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vegasplanes
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RE: Has Any Airline Been Able To Get Out Of Chapter 11

Wed Sep 28, 2005 5:01 pm

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.
 
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solnabo
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RE: Has Any Airline Been Able To Get Out Of Chapter 11

Wed Sep 28, 2005 5:05 pm

When does Ch 7 kicks in?

Curius

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vegasplanes
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RE: Has Any Airline Been Able To Get Out Of Chapter 11

Wed Sep 28, 2005 5:22 pm

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.
 
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solnabo
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RE: Has Any Airline Been Able To Get Out Of Chapter 11

Wed Sep 28, 2005 7:16 pm

Quoting Vegasplanes (Reply 15):

Thx for answer my question.

Micke  wave 
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DLKAPA
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RE: Has Any Airline Been Able To Get Out Of Chapter 11

Thu Sep 29, 2005 5:36 am

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 
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vegasplanes
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RE: Has Any Airline Been Able To Get Out Of Chapter 11

Thu Sep 29, 2005 6:27 am

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

Micke wave

No Problem.