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October 08, 2005

Ka-CHING! UAL Gets $3 Billion In Financial Backing

That's A Big Step Toward Bankruptcy Exit

United Airlines, long mired in federal bankruptcy court, may now have a way out. JP Morgan and Citigroup have signed on to arrange $3 billion in financing to help the beleaguered carrier emerge from federal debt protection as planned in February.

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ALPA Response to FedEx Announcement on Mediation

Disappointed But Not Surprised

Captain David Webb, chairman of the FedEx unit of the Air Line Pilots Association, Int'l (ALPA), issued the following statement following FedEx management's decision to request the assistance of the National Mediation Board in the pilots' ongoing contract negotiations.

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