Terry Hunter
Silence!
- Joined
- Nov 22, 2004
- Posts
- 297
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I guess I don't understand how Mesaba Airlines can be bankrupt but the parent company can be solvent. It seems to me that a holding company "parent" should be responsible for the debts of it's subsidiaries. Looks to me like "voodo" accounting that should be illegal. They should have covered this loophole when they changed the bankruptcy laws.