Just read that UAL has confirmed that it has hired bankruptcy lawyers - http://money.iwon.com/jsp/nw/nwdt_r...173922&date=20020801&alias=/alias/money/cm/nw
Is this only to enable more concessions or is there a real threat that there might not be a UAL in the years to come?
Also under bankruptcy would they still retain their routes and rights to fly into airport like Heathrow?
Lastly, can the airline just lay off employees under bankruptcy or do contracts still hold?
Is this only to enable more concessions or is there a real threat that there might not be a UAL in the years to come?
Also under bankruptcy would they still retain their routes and rights to fly into airport like Heathrow?
Lastly, can the airline just lay off employees under bankruptcy or do contracts still hold?