Available on ORBilu since
12 June 2019
Article (Scientific journals)
Chapter 11 and the Level Playing Field: Should Chapter 11 be Considered as a Subsidy?
Mantin, Benny; Bock, Sebastian; Forsyth, Peter et al.
2019In Journal of Air Transport Management, 74, p. 39-46
Peer reviewed


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Keywords :
Chapter 11; subsidies; Bankruptcy protection
Abstract :
[en] This paper assesses whether Chapter 11 is a form of subsidy for US airlines. US airlines have used Chapter 11 to restructure their operations. This has been criticized as a subsidy by major non US airlines and governments for a long time and recently, in the “level playing field” debate. Applying legal and economic perspectives of subsidy, we examine the different opportunities of Chapter 11 to reduce airlines’ costs. It is argued that most of the forms available, such as the modification of collective bargaining, do not constitute a subsidy. Only the termination of pension plans might involve a subsidy, but only using a legal definition of doubtful relevance since there is normally no use of public funds.
Disciplines :
Production, distribution & supply chain management
Author, co-author :
Mantin, Benny ;  University of Luxembourg > Faculty of Law, Economics and Finance (FDEF)
Bock, Sebastian
Forsyth, Peter
Niemeier, Hans-Martin
External co-authors :
Language :
Title :
Chapter 11 and the Level Playing Field: Should Chapter 11 be Considered as a Subsidy?
Publication date :
Journal title :
Journal of Air Transport Management
Volume :
Pages :
Peer reviewed :
Peer reviewed


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