UAL to exit Ch.11 in Feb

[satpak77]

Good job guys

http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh48831_2006-01-09_21-16-16_n09159720_newsml

http://biz.yahoo.com/ap/060109/united_bankruptcy.html?.v=3

 

[rfresh]

And UAL's management will blow through that $3 Billion Dollar loan like it was water. UAL has had the same incompetent management at the helm way too long. Longer than the 3 years they have been in bankruptcy.

Can you imagine a company being in bankruptcy for 3 years? It doesn't surprise me that their 'plan' to exit bankruptcy involves yet another loan.

 

[satpak77]

ok well lets see what happens....this aint the line pilots fault

 

[rfresh]

>Good job guys

Apparently, UAL upper management thinks so too:

"Flight attendants at United Airlines are asking a court to reject the No. 2 U.S. carrier's plan to exit bankruptcy protection, citing plans to pay bonuses to 400 members of management."