"(The) board concluded that granting the loan guarantee is not a
necessary part of maintaining a safe, efficient, and viable
commercial aviation system in the United States. Moreover, the
Board believes that airline credit markets have been improving
since late 2001 and 2002... increasing the likelihood of United
succeeding without a loan guarantee."
Source: Air Transport Stabilization Board letter
to UAL Corporation, denying for a third time the company's request
for loan guarantees. The ATSB said, in effect, don't bother
applying again.
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