CHICAGO, Feb 20 (Reuters) - Leaders of the pilots and machinists unions at United Airlines have been talking to potential investors in an attempt to get a bankruptcy judge to replace Chief Executive Glenn Tilton, Business Week reported in its latest edition released on Thursday.
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According to the article, Tom Buffenbarger, president of the International Association of Machinists, and Paul Whiteford, head of the Air Line Pilots Association (News - Websites), have been talking to former United CEO Gerald Greenwald, as well as David Bonderman and his Texas Pacific Group (News - Websites), George Soros, Marvin Davis, the Blackstone Group, and several state pension funds.
Union officials and potential investors told Business Week the unions' goal was to find a partner and go jointly to U.S. Bankruptcy Judge Eugene Wedoff in the next few weeks with a competing recovery plan for the airline.
Spokespeople for the IAM, ALPA and United Airlines all declined to comment on the Business Week article.
Elk Grove Village, Illinois-based United, the No. 2 U.S. airline and a unit of UAL Corp. (NYSE:UAL - News), filed the largest bankruptcy in aviation history in December. The pilots and machinists both have seats on the company's board of directors. (Chicago Equities Desk, edited by Michael Miller; (312) 408-8787, [email protected]))
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According to the article, Tom Buffenbarger, president of the International Association of Machinists, and Paul Whiteford, head of the Air Line Pilots Association (News - Websites), have been talking to former United CEO Gerald Greenwald, as well as David Bonderman and his Texas Pacific Group (News - Websites), George Soros, Marvin Davis, the Blackstone Group, and several state pension funds.
Union officials and potential investors told Business Week the unions' goal was to find a partner and go jointly to U.S. Bankruptcy Judge Eugene Wedoff in the next few weeks with a competing recovery plan for the airline.
Spokespeople for the IAM, ALPA and United Airlines all declined to comment on the Business Week article.
Elk Grove Village, Illinois-based United, the No. 2 U.S. airline and a unit of UAL Corp. (NYSE:UAL - News), filed the largest bankruptcy in aviation history in December. The pilots and machinists both have seats on the company's board of directors. (Chicago Equities Desk, edited by Michael Miller; (312) 408-8787, [email protected]))
