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by tzs 4320 days ago
There have indeed been a lot of airlines on, or over, the edge.

"Over the last 30 years, more than 150 airlines have sought bankruptcy protection or disappeared, but more keep springing up as investors continue to put hope over experience, said Denis O’Connor, managing director with AlixPartners, a restructuring firm."

Source: http://www.nytimes.com/2008/04/17/business/17air.html?pagewa...