June 11, 2014

Jason W. Bank authors, “Navigating Financial Turbulence; Preserving Air Carrier Certificates in Chapter 11”

In order to acquire certificates from federal agencies authorizing them to fly, airlines are subject to extensive regulations based on the inherent safety concerns that are associated with air travel, and air carriers that are filing for chapter 11 face enhanced scrutiny. This article discusses the regulations governing air carrier operating certificates and addresses the challenges that are encountered by financially troubled regional air carriers seeking to preserve or transfer their certificates through the chapter 11 process.

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