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chapter 11 bankruptcy, airlines
(Image from article: "American Airlines parent seeks Ch. 11 protection")

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American Airlines parent seeks Ch. 11 protection

American Airlines Bankruptcy

American Airlines' parent company is seeking Chapter 11 bankruptcy protection as it seeks to unload massive debt built up by years of accelerating jet fuel prices and labor struggles.

 

Executive of Bankrupt Airline Liable for Millions in Excise Tax

Michael Conway was the founder and CEO of National Airlines. The mission of the airline was to bring tourists to Las Vegas, to visit their money I suppose. The airline started service in 1999, but was never profitable. In December 2000 it went into Chapter 11.

 

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