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-12.01.25

AirborneNextGen-
12.02.25

Airborne-Unlimited-11.19.25

Airborne-AffordableFlyers-11.20.25

AirborneUnlimited-11.21.25

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 (11.29.25): Waypoint

Waypoint A predetermined geographical position used for route/instrument approach definition, progress reports, published VFR routes, visual reporting points or points for transiti>[...]

ANN's Daily Aero-Linx (11.29.25)

Aero Linx: Sentimental Journey to Cub Haven Sentimental Journey Flyin began in 1986 with a group of dedicated volunteers working to provide a sentimental return to Lock Haven, the >[...]

NTSB Prelim: Jabiru USA Sport Aircraft LLC J230-SP

The Pilot Would Often Fly Over Their House At A Low Altitude And That Family Members Would Go Outside To Wave On November 14, 2025, at 1708 eastern standard time, a Jabiru USA Spor>[...]

Classic Aero-TV: Crafting The Future of eVTOL Infrastructure

From 2024 (YouTube Edition): Volatus Infrastructure Paves The Way The name “Volatus” seems to be everywhere these days, popping up in a series of partnerships and proje>[...]

Klyde Morris (11.28.25)

Fortnite Conquers All, Klyde FMI: www.klydemorris.com>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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