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Airline restructuring: A dynamic programming approach combined with genetic algorithm for network and fleet downsizing
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DOI：10.1016/j.tranpol.2025.103955.png)
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Abstract
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• Network and fleet downsizing is critical for airline restructuring under bankruptcy. • A dynamic programing model optimizes airline network and fleet. • Routes lacking direct links to home country are closed, despite high connectivity. • Potentially profitable routes are closed in early stages but re-opened later. • Aircraft with moderate debt and assets with newer models are kept in the fleet.
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