Airline Arena Continental

In 1982 Johns-Manville, a major asbestos manufacturer, declares itself insolvent to avoid paying claims resulting from exposure to its products. A year later, Continental Airlines, one of the top ten carriers in the United States, claims a deficit when the union resists plans to cut labor costs. Later still, oil powerhouse Texaco cries broke rather than pay damages resulting from a courtroom defeat by archrival Pennzoil. Bankruptcy, once a term that sent shudders up a manager's spine, is now becoming a potent weapon in the corporate arsenal. In his timely and challenging study, Kevin Delaney explores this profound change in our legal landscape, where corporations with billions of dollars in assets use bankruptcy to achieve specific political and organizational objectives. As a consequence, bankruptcy court is rapidly becoming an arena in which crucial social issues are resolved: How and when will people dying of asbestos poisoning be compensated? Can companies unilaterally break legally negotiated labor contracts? What are the ethical and legal rules of the corporate takeover game? In probing the Chapter 11 bankruptcies of Johns-Manville, Frank Lorenzo's Continental Airlines, and Texaco, Delaney shows that more and more, an array of powerful actors--corporations, commercial creditors, auditors, bond rating agencies and investment bankers--are coming to view bankruptcy as a legitimate business strategy. In each situation, the choice of bankruptcy by these corporate giants was directly influenced by the surrounding business community. In the case of Johns-Manville, carrying appropriate insurance did not prevent its twenty insurance companies from refusing to pay claims. Thanks to shrewdplanning and cooperation from Continental's creditors, not only was the airline able to continue flying in the first week of Chapter 11, but it could also offer the lowest cross-country fare in the market.

The Dave Matthews Band rose up from being a staple of college campuses all over America to being one of the best-selling rock groups of the nineties. This is a record of a their massively-attended live performance at New Jersey's Continental Airlines Arena on September 11, 1999. Matthews and Co. -- in true jam band fashion -- played over two hours of music on that night, all of which has been safely transferred to this video.

Continental Airlines Arena - Continental Airlines Arena is a multi-purpose indoor arena in the Meadowlands Sports Complex in East Rutherford, New Jersey. It is home to the New Jersey Nets NBA basketball team and the New Jersey Devils NHL hockey team.

Continental Airlines - Continental Airlines () is an American airline. Based in Houston, Texas, it is the 5th largest airline in the U.

Continental Airways - Continental Airways is an airline based in Moscow, Russia. It was established in 1995 and operates international passenger services.

Silver City (airline) - Silver City was a British airline, launched by Wing Commander "Taffy" Powel in 1948. A keen and impatient traveller, Powel realised that by adapting the design of the Bristol Bombay, he could fly passengers with their cars from Britain to continental Europe.

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