Airline bankruptcies

And speaking of Scott Hamilton, he’s just updated his Website with a number of things, including this essay on what could happen with several U.S. airlines on the verge of bankruptcy, and what that would mean to Boeing and Airbus.

Key Quote: “The USA’s next federal bankruptcy law takes effect in October. … Delta, FLYI and Northwest will want to file under the old law the permits the incumbent managements greater flexibility to control the bankruptcy.”

Here’s the link to that: http://www.leeham.net/filelib/ScottsColumn081605-2.pdf