Airline Focus: Using Section 1113 To Navigate Stormy Skies
Law360, New York (September 15, 2006, 12:00 AM EDT) -- The continuing financial malaise of U.S. air carriers has featured prominently in recent headlines, as airlines such as Northwest, Delta, Mesaba Aviation, Independence Air and Era Aviation all sought Chapter 11 protection in 2005 in an effort to manage a staggering confluence of nearly five years of lagging demand, high fuel prices and escalating labor costs.
A fair amount of scrutiny in connection with these developments has been devoted to the carriers’ reliance on a Chapter 11 filing (or the threat of one) as a way...
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