Why Do Unsuccessful Companies Survive? U.S. Airlines, Aircraft Leasing, and GE, 2000–2008
Bibliographic Data
| ID | 9628096 |
|---|---|
| Authors | Gishan Dissanaike (corresponding author), Ranadeva Jayasekera (0000-0003-4189-4461), Geoff Meeks |
| Year | 2022 |
| Volume | 96 |
| Issue | 3 |
| Pages | 615-642 |
| Publication date | 2022-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Business History Review (JOURNAL) |
| Journal identifiers | ISSN: 0007-6805 • E-ISSN: 2044-768X |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s0007680521000465 |
| OpenAlex | W3216589010 |
| Language | EN |
| Citations received | 2 |
| References cited | 7 |
Warren Buffett famously commented that the U.S. airline industry had made zero profit in its first nine decades. Subsequently, between the millennium and the Great Financial Crisis the airlines in total lost almost $60 billion. Yet no major airline was liquidated or taken over in those nine years. Financial support was repeatedly provided by GE, the conglomerate supplier of leasing finance, engines, and servicing. The article offers a historical perspective on the factors behind this relationship between GE and airlines. It outlines the benefits or costs to GE, airline shareholders, and passengers; the relevance of the model for other industries; and implications for different notions of efficiency
Business · Corporate governance · Economics · Financial crisis · Political science · Profit (economics · Relevance (law · Shareholder · Aviation Industry Analysis and Trends · Finance · International Law and Aviation · Law
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,5 |
| Citation span | 2022 - 2023 (2) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |