[danb1974]

They abruptly shut down overnight leaving a very large number of people stranded away from home.

Now the government has to pay 150 million to bring them home.

Why not do a gracefull shutdown...???

[busterarm]

European bankruptcy law doesn't allow them to do a graceful shutdown. The company is forced to stop operations.

That's the major difference between American and European bankruptcies.

[labster]

Wow, harsh. If we had that in the US, half of California would be without electricity and heating fuel for months, given the current state of PG&E.

[groestl]

That's just not true (source: worked for a bankrupt European company once)

[skrebbel]

Could you elaborate? Why not?

[chrisseaton]

> They abruptly shut down overnight

Everyone knew this was coming for months.

> Why not do a gracefull shutdown...???

Why would creditors allow their money to be used for that?

[msbarnett]

In this case a large number of their creditors, indeed the ones that should have highest priority, are the people who are currently stranded because they’ve already paid the company for travel they are now not going to receive.

[icebraining]

> Now the government has to pay 150 million to bring them home.

Part of that will be paid from the Air Travel Trust Fund: https://www.caa.co.uk/ATOL-protection/Air-travel-trust/About...

[noahwitt]

They would not be able to pay their bills for fuel labor etc. In most countries, if the airline collapses your just SOL.

[MiscIdeaMaker99]

Such as?