Declaring Bankruptcy - Finding Hope - #5705
Friday, November 21, 2008
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It's never fun when the plane you're flying on hits turbulence, especially if the fellow next to you has like a weak stomach. It's really not fun when an entire airline hits turbulence. Several have in recent years, including one of America's largest and one that has been kind of my airline of preference. So, it was a bit of a shocker to read a while back that their indebtedness had reached such a critical point that they were actually considering the protection of bankruptcy to try to recover. Bankruptcy is a word we're hearing way too often these days. Then I saw the headline that confirmed the seriousness of their situation. Here's what it said: "Airline Seeks Rescue in Bankruptcy."