United Loses Third and Final Shot at Loan Guarantee
- United presses for loan as it plans Chapter 11 exit. Field, David // Airline Business;Jul2003, Vol. 19 Issue 7, p12
Reports on the plan of United Airlines to seek for federal loan guarantee in the U.S. Remarks from CEO Glenn Tilton on the company's exit from bankruptcy protection; Percentage of reduction in the annual labor cost of the company; Primary strategy of the company.
- United's make-or-break chance. Hollon, John // Workforce Management;2/13/2006, Vol. 85 Issue 3, p58
This article provides information about the bankruptcy of United Airlines in February 2006. The company comes out of Chapter 11 with 30 percent fewer employees and $3 billion less in annual labor costs. Those workers who made it through and continued with the airline took two steep pay cuts and...
- UAL a Ch.11 fee machine. Johnsson, Julie // Crain's Chicago Business;6/27/2005, Vol. 28 Issue 26, p1
The article reports on the impact of the United Airlines Inc.'s long, tangled bankruptcy. United Airlines' long, tangled bankruptcy is shaping up to be among the costliest corporate restructuring in the U.S. history. An analysis of monthly operating reports filed with the Bankruptcy Court in...
- Bankruptcy's Power. Ott, James // Aviation Week & Space Technology;9/22/2003, Vol. 159 Issue 12, p43
The article reports that Leo Mullin, chairman of Delta Air Lines, has predicted that if bankrupt United Airlines wins a federal loan guarantee, the needed restructuring of the U.S. airline industry will be difficult and stretched out from 3 to 5 years. Mullin states that airline bankruptcies...
- A BOARD WITHOUT PITY. Feldman, Joan // Air Transport World;Jan2003, Vol. 40 Issue 1, p38
Reports on the rejection of United Airline's application for loan guarantees by the U.S. Air Transportation Stabilization Board. Reasons of the board on rejecting the application; List of airline companies granted with loan guarantees; Qualifications of the loan guarantee program.
- A place in the world. // Airline Business;Jan2003, Vol. 19 Issue 1, p9
Focuses on the bankruptcy filing of United Airlines and its contribution to the perceived failure of the full-service network model offered by several airlines in the U.S. Examples of worldwide services offered by United Airlines; Changes in the markets of air travel in several countries;...
- The pain of leaving the legacy behind. Field, David // Airline Business;May2005, Vol. 21 Issue 5, p13
Looks at the liquidity crunch facing United Airlines Inc. Cost of the company's fuel bill in 2005; Result of the company's decision to file Chapter 11 bankruptcy protection in December 2002; Effect of the liquidity crunch on the company.
- United to spring out of Chapter 11. Clarke, Michael // Travel Weekly: The Choice of Travel Professionals;11/24/2003, Issue 1695, p17
United Airlines Inc. has set a Spring 2004 target date for its emergence from Chapter 11 bankruptcy protection. The airline is in the process of finalising its reorganisation plan and application for a $1.8 billion loan from the Air Transport Stabilisation Board, a U.S. government board set up...
- THE PIPELINE TO CHINA. // Crain's Chicago Business;6/26/2006, Vol. 29 Issue 26, p28
This article reports that Chicago-to-Beijing international route is a bright spot for financially troubled United Airlines Inc. The route helped spring the carrier out of bankruptcy protection, thanks to its popularity and the prices it can command. Round-trip fares range from $1,300 to $2,300....