U.S. Airlines Have Abused The Bankruptcy Laws, Hazy Says
U.S. airlines "abuse" the bankruptcy laws, claims ILFC CEO Steven Udvar-Hazy. "In most foreign countries, the directors have an inherent obligation to shut the business down and liquidate," he says. "In the U.S., we have this purgatory system that is beneficial to few but very harmful to many." He...
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