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6. that's not really the case with the airlines.
Wed Sep 17, 2014, 12:00 AM
Sep 2014

when was the last time an major american airline actually went out of business?

not only is bankruptcy for them the "reorganization" variety rather than the "liquidation" kind, they count on it so much so that it's part of their overall strategy for managing the unions.

bankruptcy for them isn't going out of business, not even close. it's primarily a legal way of getting around union contracts and pension obligations.

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