UAL Wants to Stay 'Disorganized' a While Longer | 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-06.23.25

Airborne-NextGen-06.24.25

AirborneUnlimited-06.25.25

Airborne-AffordableFlyers-06.26.25

AirborneUnlimited-06.27.25

Wed, Mar 12, 2003

UAL Wants to Stay 'Disorganized' a While Longer

Seeks More Time to File Reorganization Plan

On Monday, UAL asked the bankruptcy court if it could have more time -- another six months -- to file its reorganization plan. That time, if granted, would start ticking on April 8, pushing the formal plan's deadline into October, well beyond any anticipated war with Iraq, and its attendant uncertainty.

Starting after that filing, creditors, already on hold since December 9, could file their arguments, and start the long process of recovering what United owes them -- provided the Court allows it, United can pay it, and the creditors are still in business.

In the meantime, UAL, hampered in one major way (being prohibited from entering forward contracts on fuel) by being in Chapter 11, is working with its unions, to see if there's any more money to be wrung out of them, voluntarily. Days from now, United's option to ask the Court to ashcan all the existing union contracts, will run out.

FMI: www.ual.com

Advertisement

More News

NTSB Final Report: Rutan Long-EZ

He Attempted To Restart The Engine Three Times. On The Third Restart Attempt, He Noticed That Flames Were Coming Out From The Right Wing Near The Fuel Cap Analysis: The pilot repor>[...]

ANN FAQ: Turn On Post Notifications

Make Sure You NEVER Miss A New Story From Aero-News Network Do you ever feel like you never see posts from a certain person or page on Facebook or Instagram? Here’s how you c>[...]

Classic Aero-TV: ICAS Perspectives - Advice for New Air Show Performers

From 2009 (YouTube Edition): Leading Air Show Performers Give Their Best Advice for Newcomers On December 6th through December 9th, the Paris Las Vegas Hotel hosted over 1,500 air >[...]

ANN's Daily Aero-Linx (06.28.25)

Aero Linx: NASA ASRS ASRS captures confidential reports, analyzes the resulting aviation safety data, and disseminates vital information to the aviation community. The ASRS is an i>[...]

Aero-News: Quote of the Day (06.28.25)

“For our inaugural Pylon Racing Seminar in Roswell, we were thrilled to certify 60 pilots across our six closed-course pylon race classes. Not only did this year’s PRS >[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 06.30.25: US v ADS-B Misuse, Nat’l STOL Fire, Volocopter Resumes

Airborne 06.27.25: ANN's HUGE OSH Coverage!, NCAR Racing Seminars, JFK Lawsuit

Airborne Affordable Flyers 06.26.25: PA18 Upgrades, ‘Delta Force’, Rhinebeck

See All

Advertisement

Podcasts

Advertisement

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