United Bankruptcy Exit to Take Longer
- Is Ted a new airline, or United's doppelganger? Cappo, Joe // Crain's Chicago Business;12/1/2003, Vol. 26 Issue 48, p6
Airlines company United Airlines Inc. was plunged into Chapter 11 bankruptcy protection because of several factors. One of them, no doubt, was fallout from the September 11, 2001 terrorist attacks, which caused a worldwide travel recession. However, another â€” and more lasting â€”...
- United Airlines Secures $500M in Financing to Continue Operations. Shields, Yvette // Bond Buyer;7/26/2004, Vol. 349 Issue 31933, p40
Reports on the financing prepared by bankrupt United Airlines Inc. to continue operations as it restructures. Lenders involved in the interim financing package; Lawyers representing the bond trustees; Attempt of the company to put together an exit financing package.
- Lawyer: United Case Unlikely to Have Domino Effect. Hume, Lynn // Bond Buyer;5/10/2004, Vol. 348 Issue 31880, p3
Reports that airlines are not likely to file for bankruptcy to try to get out of their lease-backed debt obligations because of a U.S. Bankruptcy Court judge's ruling in a case involving United Airlines Inc., according to lawyer William Kannel. Outcomes of a panel session at the National...
- Squeal over United deal. Merrion, Paul // Crain's Chicago Business;6/28/2004, Vol. 27 Issue 26, p1
United Airlines Inc. tentatively agreed earlier this year to sell $500 million in new equity after it exits bankruptcy and turn over the proceeds to a group of aircraft investors who control about a fifth of its fleet. The $500-million equity deal struck in February figures prominently in a...
- United should try flying without federal escort. // Crain's Chicago Business;6/28/2004, Vol. 27 Issue 26, p8
Rather than appeal the federal government's second denial of its financial aid application, United Airlines Inc. should capitalize on the rejection as an opportunity to fix its long-term problems once and for all. Government assistance might help in the short run, but it also provides excuses to...
- United's numbers don't fly. Merrion, Paul // Crain's Chicago Business;2/9/2004, Vol. 27 Issue 6, p4
The most basic rule of business is that revenues must exceed costs. After 14 months in bankruptcy, United Airlines Inc. hasn't shown it can live by that rule, as of February 9, 2004. For all its cost-cutting, the airline is on track to lose $425 million this year, if revenues are flat at the...
- Ins and Outs. // Aviation Week & Space Technology;11/7/2005, Vol. 163 Issue 18, p97
This article reports that Northwest Airlines Inc. and United Airlines Inc.'s third-quarter financial results are appropriate to their status as carriers entering and preparing to leave Chapter 11 bankruptcy protection. Northwest, which filed for Chapter 11 little more than two weeks before the...
- United likely to enter Chapter 11. // Travel Trade Gazette UK & Ireland;12/9/2002, Issue 2543, p56
Reports on the application of the United Airlines for Chapter 11 bankruptcy protection in the U.S. Rejection of the U.S. government to the application; Financial background of the airline; Disadvantage of Chapter 11 filing of the United Airlines.
- Competitors unfazed by United mess. Sodoma, Brian // Las Vegas Business Press;12/30/2002, Vol. 19 Issue 52, p1
Reports on the future of United Airlines Inc. in Nevada. Effect of the company's bankruptcy filing on its performance; Services offered by the firm; Implications for the competitors of the company.