Journal article
Chapter 11 and the level playing field: Should chapter 11 be considered as a subsidy?
Journal of Air Transport Management, Vol.74, pp.39-46
01/2019
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Abstract
This paper assesses whether Chapter 11 is a form of subsidy for US airlines. US airlines have used Chapter 11 to restructure their operations. This has been criticized as a subsidy by major non US airlines and governments for a long time and recently, in the “level playing field” debate. Applying legal and economic perspectives of subsidy, we examine the different opportunities of Chapter 11 to reduce airlines’ costs. It is argued that most of the forms available, such as the modification of collective bargaining, do not constitute a subsidy. Only the termination of pension plans might involve a subsidy, but only using a legal definition of doubtful relevance since there is normally no use of public funds.
Details
- Title
- Chapter 11 and the level playing field: Should chapter 11 be considered as a subsidy?
- Creators
- Sebastian Bock - Hochschule BremenPeter Forsyth - Monash UniversityHans-Martin Niemeier - Hochschule BremenBenny Mantin - University of Luxembourg
- Publication Details
- Journal of Air Transport Management, Vol.74, pp.39-46
- Publisher
- Elsevier Ltd
- Identifiers
- 991012926993202368
- Copyright
- © 2018 Elsevier Ltd. All rights reserved.
- Academic Unit
- Faculty of Business, Law and Arts; School of Business and Tourism
- Language
- English
- Resource Type
- Journal article