GP,
Did you remember that America West was in bankruptcy from 1991 through 1994?
funny
ok, united did not get ATSB funds but between them both US Air and United have recieved some form of massive gov't support (ATSB for US Air and pension gift for United). I guess I was misleading in the message. Add Frontier to the selective socialism category! However, on a much smaller scale. A million or two a year is nothing compared with United's benefit from not paying anything on their pensions and still operating. It will not be completely selective if the gov't allows other airlines to spread out their pensions (great for short term since they let United shed them, but a really bad idea for the future - just postpones the problem).
The US gov't should start moving toward a pure competition stance instead of a selective socialist stance. In competitive industries, companies who are not able to survive on their own either die or are bought and gutted. We have fought wars over trying to stop the spread of countries who controlled industries centrally and directly, yet the US gov't wants to control everything, just inderectly. An argument to this could be that the gov't is not supporting United by letting them be in bankruptcy. The counter is that the Federal judge should not have let United stay in bankruptcy for this long without a real plan to get out (other than saying we only need blah blah millions of dollars and we can think about exiting). Additionally, why is there Ch. 11? There should be a CH. 7 and that is it! just my $.02
Did you remember that America West was in bankruptcy from 1991 through 1994?
funny
ok, united did not get ATSB funds but between them both US Air and United have recieved some form of massive gov't support (ATSB for US Air and pension gift for United). I guess I was misleading in the message. Add Frontier to the selective socialism category! However, on a much smaller scale. A million or two a year is nothing compared with United's benefit from not paying anything on their pensions and still operating. It will not be completely selective if the gov't allows other airlines to spread out their pensions (great for short term since they let United shed them, but a really bad idea for the future - just postpones the problem).
The US gov't should start moving toward a pure competition stance instead of a selective socialist stance. In competitive industries, companies who are not able to survive on their own either die or are bought and gutted. We have fought wars over trying to stop the spread of countries who controlled industries centrally and directly, yet the US gov't wants to control everything, just inderectly. An argument to this could be that the gov't is not supporting United by letting them be in bankruptcy. The counter is that the Federal judge should not have let United stay in bankruptcy for this long without a real plan to get out (other than saying we only need blah blah millions of dollars and we can think about exiting). Additionally, why is there Ch. 11? There should be a CH. 7 and that is it! just my $.02