The following excerpt is posted on the AWA employee website.
"- United Airlines Chief Financial Officer Jake Brace told analysts at the J.P. Morgan airline conference Tuesday that securing a $1.6 billion loan guarantee from the federal Air Transportation Stabilization Board (ASTB) remains the carrier's best bet to emerge from Chapter 11 bankruptcy. A U.S. Bankruptcy Court in Chicago has given United's parent company, UAL Corp., until April 8 to file a reorganization plan. Note: The New York Times erroneously reported yesterday that America West is a member of the Air Carrier Association of America and that America West Airlines opposes the ATSB granting UAL the loan. America West has no official position on the ATSB's decision to give United Airlines the loan."