Financial Times FT.com

BA says Chapter 11 used as aid

By Kevin Done in London

Published: November 9 2004 02:00 | Last updated: November 9 2004 02:00

British Airways yesterday attacked US bankruptcy procedures, widely used by the American airline industry, as being another form of state aid.

The airline said US carriers operating in or close to bankruptcy were cutting fares aggressively on north Atlantic routes to generate emergency short-term cash.

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