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When one makes personal attacks like, "Can tell you don't have much experience of bankruptcy," it is imperative that you actually know more than the person bein
by mcguire 7y ago
When one makes personal attacks like, "Can tell you don't have much experience of bankruptcy," it is imperative that you actually know more than the person being attacked.
Many, if not most, US airlines have been through bankruptcies before (https://en.wikipedia.org/wiki/List_of_airline_bankruptcies_in_the_United_States https://en.wikipedia.org/wiki/List_of_airline_bankruptcies_i...). Typically, large ones are not grounded; companies go into receivership, where they continue operations as normally as possible while the bankruptcy is settled.
Most US airports are public infrastructure. JFK is owned by the City of New York and operated by the Port Authority. O'Hare, Denver, and ATL are owned by Chicago, Denver, and Atlanta, respectively. LAX is "owned and operated by Los Angeles World Airports (LAWA), an agency of the government of Los Angeles." Public institutions such as cities can go into bankruptcy, but it's difficult.
- hogFeast 7y agoCorrect, but we are talking about multiple airlines going. Not just one or two. And we are talking about them going quickly. Thankfully, you quoted the part of my answer that proved my point. Again and again, you will find solutions that are apparently "obvious" and simple...with no basis in reality. You need to actually understand what is going on.