UAL Asks For More Time | 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-04.01.24

Airborne-Unlimited-04.16.24

 Airborne-FlightTraining-04.17.24 Airborne-Unlimited-04.11.24

Airborne-Unlimited-04.12.24

Join Us At 0900ET, Friday, 4/10, for the LIVE Morning Brief.
Watch It LIVE at www.airborne-live.net

Mon, May 17, 2004

UAL Asks For More Time

Airline Wants To Extend Special Financing To End Of Year

The world's second-biggest airline says it needs more time to pay back $1 billion in special financing obtained since it declared bankruptcy almost 18 months ago.

United Airlines was supposed to have completed payments on the debtor-in-possession loans next month. Instead, it says it needs until the end of the year, as it continues to struggle with financial woes in the wake of its December, 2002, bankruptcy.

Still, United spokeswoman Jean Medina said the airline plans to emerge from bankruptcy around June 30th.

"This extension ensures that we have funding in place through the confirmation of our plan of reorganization," she said.

UAL had hoped to obtain $1.6 billion in loan guarantees from the government's Air Transportation Stabilization Board. That request, however, was initially turned down by the government. A second request is still pending.

FMI: www.ual.com

Advertisement

More News

ANN's Daily Aero-Term (04.14.24): Maximum Authorized Altitude

Maximum Authorized Altitude A published altitude representing the maximum usable altitude or flight level for an airspace structure or route segment. It is the highest altitude on >[...]

ANN's Daily Aero-Linx (04.14.24)

Aero Linx: Soaring Safety Foundation (SSF) The Soaring Safety Foundation (SSF) is the Training and Safety arm of the Soaring Society of America (SSA). Our mission is to provide ins>[...]

Classic Aero-TV: 'We're Surviving'-- Kyle Franklin Describes Airshow Life 2013

From 2013 (YouTube Version): Dracula Lives On Through Kyle Franklin... and We're NOT Scared! ANN CEO and Editor-in-Chief, Jim Campbell speaks with Aerobatic and airshow master, Kyl>[...]

Aero-News: Quote of the Day (04.14.24)

“For Montaer Aircraft it is a very prudent move to incorporate such reliable institution as Ocala Aviation, with the background of decades in training experience and aviation>[...]

Airborne 04.09.24: SnF24!, Piper-DeltaHawk!, Fisher Update, Junkers

Also: ForeFlight Upgrades, Cicare USA, Vittorazi Engines, EarthX We have a number of late-breaking news highlights from the 2024 Innovation Preview... which was PACKED with real ne>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne-Flight Training 04.17.24: Feds Need Controllers, Spirit Delay, Redbird Flt

Airborne 04.16.24: RV Update, Affordable Flying Expo, Diamond Lil

Airborne 04.12.24: SnF24!, G100UL Is Here, Holy Micro, Plane Tags

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC