Make Money in Aviation: Bill UAL $100,000 a Day | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-12.08.25

AirborneNextGen-
12.09.25

Airborne-Unlimited-12.10.25

Airborne-FltTraining-12.04.25

AirborneUnlimited-12.05.25

AFE 2025 LIVE MOSAIC Town Hall (Archived): www.airborne-live.net

Thu, Jan 30, 2003

Make Money in Aviation: Bill UAL $100,000 a Day

Paul Merrion, in Crain's Chicago Business, says that, "Chicago's Kirkland & Ellis, the lead law firm handling the bankruptcy of United Airlines parent UAL Corp., billed almost $2.3 million in legal fees and expenses — or about $100,000 a day — during December, according to a U.S. Bankruptcy Court filing." About 1/5 of that, Merrion says, is billed in relation to the airline's numerous petitions to get the Court to break union contracts.

In the meantime, the airline is working on its unions to reduce costs. It announced over 700 flight attendant layoffs, in the past week; and its pilots, mechanics, dispatchers, ground and ticket agents -- everyone -- is feeling the pinch. Even management has been taking home less.

Lawyers, though, get paid, regardless (perhaps a perq of being the majority of most legislatures, where bankruptcy payouts are set; and they're nearly the entire "judge class," too, just in case a nickel somehow rolls through the cracks).

It's tough being a lawyer and not being appreciated, though. Crain's noted that, "...legal fees alone actually totaled more than $2,400,000, but [the firm] had voluntarily discounted its fees by $19,136..."

The most-expensive lawyer on the case billed $680 an hour, said the paper. Plus expenses, of course. You'll love this -- law firms don't believe in overhead: Crain's saw that "...it took 85 hours to prepare the billing report at a cost of $25,000 in fees and expenses."

The world's #2 airline isn't just sitting around, though, It's expected to announce a major restructuring, some time today.

FMI: www.ual.com

Advertisement

More News

ANN's Daily Aero-Term (12.08.25): Decision Altitude (DA)

Decision Altitude (DA) A specified altitude (mean sea level (MSL)) on an instrument approach procedure (ILS, GLS, vertically guided RNAV) at which the pilot must decide whether to >[...]

ANN's Daily Aero-Linx (12.08.25)

Aero Linx: T-34 Association, Inc. The T-34 Association was formed in July 1975 so that individuals purchasing then military surplus T-34As had an organization which would provide s>[...]

NTSB Final Report: Piper PA-31T3

As He Released The Brakes To Begin Taxiing, The Brake Pedals Went To The Floor With No Braking Action Analysis: The pilot reported that during engine start up, he applied the brake>[...]

Aero-News: Quote of the Day (12.08.25)

“Legislation like the Mental Health in Aviation Act is still imperative to hold the FAA accountable for the changes they clearly acknowledge need to be made... We cannot wait>[...]

Airborne-Flight Training 12.04.25: Ldg Fee Danger, Av Mental Health, PC-7 MKX

Also: IAE Acquires Diamond Trainers, Army Drones, FedEx Pilots Warning, DA62 MPP To Dresden Tech Uni The danger to the flight training industry and our future pilots is clear. Dona>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC