Find Articles in:
All
Business
Reference
Technology
News
Lifestyle

Manufacturing Industry

Amendment to bankruptcy financing planned by United Airlines

Airline Industry Information, August 9, 2005

AIRLINE INDUSTRY INFORMATION-(C)1997-2005 M2 COMMUNICATIONS LTD

Bankrupt United Airlines' parent company, UAL Corp, has announced that it is planning to take action to prevent the repossession of 14 aircraft by increasing its bankruptcy financing to USD350m from USD310m.

According to Reuters, the amendment would be the 13th to the company's debtor-in-possession financing since the US carrier entered bankruptcy in December 2002.

A reorganisation plan is scheduled to be revealed by UAL in September in an effort to start the airline's exit from bankruptcy.

((Comments on this story may be sent to aii.feedback@m2.com))

COPYRIGHT 2005 M2 Communications Ltd.
COPYRIGHT 2008 Gale, Cengage Learning
 

BNET TalkbackShare your ideas and expertise on this topic

The following tags are supported in BNET comments:
<b></b> <i></i> <u></u> <pre></pre>

Leave a Reply

  1. You are currently a guest | Login?
advertisement
Go
advertisement
  • Click Here
  • Click Here
advertisement

Content provided in partnership with http://findarticles.com/source//