The true flaw in the proposal is that in our freewheeling tort law system, a single security breach resulting in the loss of an aircraft could essentially bankrupt the airline.Not necessarily, and even if it did so what? Think about the number of airlines that are currently operating in bankruptcy. If anything, the ability to avoid civil liability by filing for Chapter 11 bankruptcy is even more of an incentive to cut corners on security.
most of the airlines that are currently operating in bankruptcy are doing so b/c the unions have bled them dry