Originally Posted by
Aero1900
Who hear thinks AA will file bankruptcy again within the next 10 years?
A quick trip through Bankruptcy Court to shake off that pesky $50 Billion in debt is a wise business decision. Plus, they can gut the labor contracts. Again.
Not as simple as it used to be (before changes were made to the law). Management can very easily lose their company and their jobs now... creditors can force sale or liquidation if they think that's the best ROI. They'll likely try to avoid it if they can.
The days of making a quick trip through the BK drive through to shed inconvenient obligations should be behind us.