Pub. L. 101-45, tit. IV, sec. 410

Sec. 410. It is the sense of the Senate that the Secretary of Transportation should conduct a review of the potential impact of highly leveraged acquisitions of control of United States air carriers. The potential impacts to be addressed in such review should include the effects of increased expenses associated with increased debt on carriers’ ability to— 103 STAT. 131 (i) modernize their fleets; (ii) make necessary expenditures for maintenance; (iii) survive economic downturns (and the effect on competition among air carriers if some do not survive); (iv) provide small community services; (v) compete internationally against foreign airlines; and (vi) make and/or keep the financial commitments to airport projects necessary to expand capacity and improve safety, and meet the future needs of their employees with regard to such matters as salaries, benefits, pensions, and job security and growth. Pursuant to the conclusions of such review, the Secretary should make a report to the Congress and include in such report an assessment with respect to any major air carrier that is the object of a highly leveraged buy-out.