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04/18/2003 Entry: "Mothball the Airlines"

"The best medicine for reforming the airlines is Chapter 7, not Chapter 11. Auction off the planes and close up shop. These are huge inefficient companies burdened with too many planes, too many employees, and too many routes. But whenever an airline gets in trouble, all those free-market capitalists in Congress suddenly become Swedish-style socialists."
Assignment America: Mothball the Airlines,By John Bloom, April 16, 2003

 

 

 

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