UAL Asks For More Time | 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-06.10.24

Airborne-NextGen-06.11.24

 Airborne-Unlimited-06.12.24 Airborne-FltTraining-06.13.24

Airborne-Unlimited-06.14.24

Mon, May 17, 2004

UAL Asks For More Time

Airline Wants To Extend Special Financing To End Of Year

The world's second-biggest airline says it needs more time to pay back $1 billion in special financing obtained since it declared bankruptcy almost 18 months ago.

United Airlines was supposed to have completed payments on the debtor-in-possession loans next month. Instead, it says it needs until the end of the year, as it continues to struggle with financial woes in the wake of its December, 2002, bankruptcy.

Still, United spokeswoman Jean Medina said the airline plans to emerge from bankruptcy around June 30th.

"This extension ensures that we have funding in place through the confirmation of our plan of reorganization," she said.

UAL had hoped to obtain $1.6 billion in loan guarantees from the government's Air Transportation Stabilization Board. That request, however, was initially turned down by the government. A second request is still pending.

FMI: www.ual.com

Advertisement

More News

ANN's Daily Aero-Term (06.11.24): Abeam

Abeam An aircraft is “abeam” a fix, point, or object when that fix, point, or object is approximately 90 degrees to the right or left of the aircraft track. Abeam indic>[...]

ANN's Daily Aero-Linx (06.11.24)

Aero Linx: The Air Charter Safety Alliance The group, called the Air Charter Safety Alliance, will raise awareness of illegal charter flights among potential customers, charter bro>[...]

Aero-News: Quote of the Day (06.11.24)

“For months, ALPA has been sounding the alarm on the ongoing efforts by some aircraft manufacturers to remove pilots from the flight deck and replace them with automation. To>[...]

Airborne Affordable Flyers 06.06.24: 200th ALTO, Rotax SB, Risen 916iSV

Also: uAvionix AV-Link, Does Simming Make Better Pilots?, World Games, AMA National Fun Fly Czech sportplane manufacturer Direct Fly has finished delivering its 200th ALTO NG, the >[...]

Aero-News: Quote of the Day (06.12.24)

“The legislation now includes a task force with industry representation ensuring that we have a seat at the table and our voice will be heard as conversations about the futur>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 06.14.24: Air Race Classic, Bong's P-38, Powered Lift Regs

Airborne-Flight Training 06.13.24: Abandoned Students, Nolinor C172, Simming

Airborne 06.12.24: Stupid Heli Trix, Seaplane v Boat, Aussie NIMBY

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC