Joni
Topic Author
Posts: 2613
Joined: Thu Aug 10, 2000 11:05 pm

US Changes Chapter 11 Rules

Wed Oct 19, 2005 6:14 pm

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
 
lexer
Posts: 135
Joined: Thu Sep 01, 2005 10:21 pm

RE: US Changes Chapter 11 Rules

Wed Oct 19, 2005 7:25 pm

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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