Tuesday, November 29, 2011

American Airlines Bankruptcy: Carrier And Parent Company File For Chapter 11 Protection

Yet another example of how Free-Marke­t Purists are full of it. If the airlines hadn't been protected and supported by the government­, many commercial airlines would have collapsed decades ago. It air travel a vital part of national and internatio­nal commerce? Definitely­. But don't sit there and pretend it isn't a failed business model, then complain when Ford gets a boost.
Read the Article at HuffingtonPost
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