Originally Posted by
globalexpress
How much money did the United States government give Delta, American, and United (combined) when they went through their Chapter 11 reorganizations?
Not that I like defending the Middle East carriers, but let's be honest. I'd say the elimination of millions upon millions of debt in Chapter 11, plus the forced "renegotiation" of lease terms and rates of other services, is not much different than the government actually giving airlines money. Our bankruptcy laws are a joke.