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June 19, 2004

US, China Reach Agreement On Expanded Air Services

U.S. Transportation Secretary Norman Y. Mineta today announced a landmark air services agreement between the United States and China that will more than double the number of U.S. airlines that may serve China and will permit a nearly five-fold increase in weekly flights between the two countries over the next six years.

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United's Bid for Loan Guarantee Rejected

The Air Transportation Stabilization Board (Board) announced today that it has denied the application submitted by United Airlines, Inc. for a $1.6 billion federal guarantee of a $2.0 billion loan under the Air Transportation Safety and System Stabilization Act (Act).

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