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-07.07.25

Airborne-NextGen-07.08.25

AirborneUnlimited-07.09.25

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

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

Also: Netherlands Donates 18 F16s, 2 737s Collide On Ramp, E-7 Wedgetail Cut, AgEagle's 100th In S Korea The Pilot and Aircraft Privacy Act was introduced in the House by Represent>[...]

Aero-News: Quote of the Day (07.06.25)

“This delivery represents more than just a milestone. It symbolizes our shared commitment to national security and our unwavering support for the men and women who serve on t>[...]

ANN's Daily Aero-Linx (07.06.25)

Aero Linx: Vintage Wings of Canada Foundation Vintage Wings of Canada is a not-for-profit, charitable organization with a collection of historically significant aircraft and is run>[...]

Classic Aero-TV: Portrait of the Army Aviation Heritage Foundation

From 2023 (YouTube Edition): To Preserve and Teach Incorporated as a non-profit domestic corporation in June 1997, the Army Aviation Heritage Foundation (AAHF) is a one-of-a-kind, >[...]

Airborne-NextGen 07.01.25: Volocopter Returns, B23 Energic, Iran Tech In UAVs?

Also: Air Taxis May Be Close, AgEagle Sells 100th, VAI Likes Bedford, AURA AERO Cleans Up Volocopter has resumed work towards the certification of its VoloCity eVTOL, this time und>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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