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1991年1月8日,拥有64年历史、世界上最大的航空运输公司之——美国泛美航空公司因无力清偿巨额债务,不得不向联邦破产法院申请破产。此前不久(1990年12月3日),著名的美国大陆航空公司也由于负债累累遭到了破产的厄运。据报道,泛美航空公司将步大陆航空公司的后尘,在联邦破产法第11条的庇护下维持正常经营:既不取消航班,也不解雇员工,以图东山再起。相比之下,东方航空公司的结局较惨。这家公司在1989年3月实施“破产经营”,苦苦挣扎近两年,终因回天乏术而从世界空运界黯然消
On January 8, 1991, with 64 years of history, Pan Am, the world’s largest air carrier, was forced to file for bankruptcy with the Federal Bankruptcy Court because of its inability to pay off huge debts. Not long ago (December 3, 1990), the famous Continental Airlines also suffered bankruptcy due to debt. It is reported that Pan Am will maintain the normal operation of Continental Airlines under the umbrella of Article 11 of the Federal Insolvency Law: it will neither resume its flights nor dismiss its employees in an attempt to make a comeback. In contrast, the fate of Eastern Airlines worse. The company, which implemented “bankruptcy operations” in March 1989, has been struggling for nearly two years and has finally dejected from the world air transport industry