Originally Posted by Denny Crane

IMO there is a flaw in your logic. If I'm reading your posts right, you think that all the carriers that used bankruptcy reorganization should have gone out of business. I would counter that and say once the first one (and possibly the second) had actually liquidated and gone out of business, the other carriers would have survived for a couple of reasons not the least of which is less competition as well as being able to price the product without a carrier protected by bankruptcy reorganization.

The basic premise of this thread is about whether the ME-3 carriers have received massive UNDER THE TABLE subsidies from their respective governments. I will stipulate that there have been times that US Airlines have received help from the U.S. Government, after 9-11 being one of them. But any way you slice it, they have been above board, legal by our laws, and above all, transparent. Can the same be said for the ME-3?

Denny