UAL Wants Out Of Bankruptcy In Fall | 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-06.25.25

Airborne-AffordableFlyers-06.26.25

AirborneUnlimited-06.27.25

Tue, Jun 08, 2004

UAL Wants Out Of Bankruptcy In Fall

Says Exit Depends On ATSB Funds

United Airlines has asked a federal judge for more time -- three months more, to be specific -- so it can finalize and present its financial reorganization plan to stockholders.

Originally, United said it would emerge from Chapter 11 bankruptcy over the summer. But the airline is still looking for about $1 billion from the Air Transportation Stabilization Board. That's money that House Aviation Subcommittee Chairman John Mica (R-FL) says probably won't be forthcoming.

In its Friday filing with the Chicago federal court, United said, "a projected exit (from Chapter 11) during the fall is a more realistic possibility, although the exact timetable will not crystallize until the ATSB reaches a decision."

UAL, the world's second-biggest airline behind American, filed for bankruptcy in December 2002, predicting at the time it would need about 18 months to get its financial act back together. But so far, Washington has refused to part with the ATSB money United says it needs to regain its feet.

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