FlyerTalk Forums - View Single Post - National Airlines Ceases Operations
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Old Nov 6, 2002 | 6:59 pm
  #7  
B747-437B
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Join Date: Aug 2000
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<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by B Watson:
This is unfortunate. Truly a nice little airline with good service offering great first class fares - so we deserve what we get - we complain about service quality, fare rules and costs and then don't bother to patronize an airline that tries to deliver. </font>
Good riddance is more like it. The longer that National Airlines continued to operate a financially unfeasible operation, the more it hurt the industry as a whole. Arguably, were it not for the sizeable cash bailout they received last year, they would have faded quietly into Chapter 7 long before now. Instead, they continued to undercut the market's revenue stream in a desperate attempt to stay alive, secure in the knowledge that the beauty of bankruptcy law prevents them from ever being held liable for the mountain of accumulated debt. The airline has had multiple chances to transform themselves into a viable entity, but they continue to rebuff those and pursue the same tried-and-tested business practices that led them into Chapter 11 in the first place. They are a disgrace to the industry and I for one will not shed a tear now that the inevitable shutdown has occured. The industry as a whole will be better off without them.
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