1、1 Mark C. Mathiesen, Bankruptcy of Airlines: Causes, Complaints, and Changes, 61 J. Air L. &Com. 1017, 1021(1996), citations omitted. See Airline Deregulation Act of 1978, Pub. L. 95-504,92 Stat. 1705, codified in scattered sections of Title 49 U.S.C.2 62 J. Air L. & Com. at 1022.Congressional Resea
2、rch Service The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS21343October 23, 2002Airline Reorganization under the U.S.Bankruptcy CodeAngie A. WelbornLegislative AttorneyAmerican Law DivisionSummaryOn August 11, 2002, U.S. Airways filed petitions for reorganizat
3、ion under theUnited States Bankruptcy Code. Generally, a filing under Chapter 11 of the BankruptcyCode allows a company to continue operating while providing the company with anopportunity to reorganize its finances. Considering that much of the property utilized byan airline in its daily operations
4、 is leased, leases of real property - terminals and gates -and leases of aircraft equipment can weigh heavily in the reorganization. Severalprovisions of the Bankruptcy Code specifically relate to filings by air carriers and dictatehow their leased property is treated under reorganization. This repo
升级VIP 