A bill to amend the Federal Aviation Act of 1958 to prohibit the acquisition of an air carrier by another air carrier, or by the person controlling another air carrier, which is operating under the protection of the bankruptcy laws.

[AI summary unavailable — showing source text] Amends the Federal Aviation Act of 1958 to prohibit the purchase, lease, or acquisition of control in any manner of a substantial portion of an air carrier by the following persons: (1) any air carrier which is a debtor; (2) any person who is a debtor and controls an air carrier; (3) any person controlling an air carrier which is a debtor; or (4) any person who is a debtor and is substantially engaged in the business of aeronautics.…