BoeingBoy
Veteran
- Joined
- Nov 9, 2003
- Messages
- 16,512
- Reaction score
- 5,865
UAL, US Air Given Leeway
By David Jonas
MARCH 29, 2004 -- United Airlines and US Airways this month each asked for and received more time to complete restructuring programs and regain financial stability. The judge overseeing United's bankruptcy case gave the company another month—until May 8—to exclusively file a reorganization plan, while a government board gave partner US Airways more time to make good on loan payments and seek possible buyers for certain segments of its operation. The two carriers were given breathing room against the backdrop of a decelerating recovery in the airline industry.
Article
Jim
By David Jonas
MARCH 29, 2004 -- United Airlines and US Airways this month each asked for and received more time to complete restructuring programs and regain financial stability. The judge overseeing United's bankruptcy case gave the company another month—until May 8—to exclusively file a reorganization plan, while a government board gave partner US Airways more time to make good on loan payments and seek possible buyers for certain segments of its operation. The two carriers were given breathing room against the backdrop of a decelerating recovery in the airline industry.
Article
Jim
