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UAL Corp., parent of United Airlines, said in court documents Thursday that it needs another $310 million in bankruptcy loans to provide a "stable environment" as the company works on its reorganization plan.
Chicago-based UAL has said it intends to emerge from bankruptcy this fall and indicated this summer that it may need additional money during the exit process. The request, however, is separate from the airline's ongoing pursuit of exit financing.
Parent Co. of United Airlines Seeking $310 Million Increase to Bankruptcy Loans
The airline's motion also includes a provision to extend the date by which the company must provide an update business plan to its lenders to Aug. 31. :blink:
??? NOW, AUGUST 31ST OF WHAT YEAR????
They will always be the worst employer in the industry!