On Your Six
Well-known member
- Joined
- Mar 8, 2004
- Posts
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More dire predictions and viewpoints related to United.
Wall St. Journal:
"United Airlines' worsening financial prognosis in the face of record fuel prices could jeopardize parent UAL Corp.'s chance of winning $1.6 billion in federal loan guarantees that are crucial to securing the financing needed for the airline to emerge from bankruptcy-court protection. The government panel that has been studying the airline's revised application for aid for the past six months is thought to be close to a decision, according to people familiar with the matter. The three-man board has no timeline and hasn't disclosed when it will rule. Some people with knowledge of the situation describe the board members as skeptical about United's latest business plan, dubious about its ability to shine in a deteriorating industry environment and lacking confidence the airline will be able to repay the loan. United executives say they have been assured the panel has an open mind and the outcome isn't a foregone conclusion."
Denver Post:
"Three men soon will make a decision that could determine the fate of United Airlines and have profound effects on an industry in chronic turmoil. The Air Transportation Stabilization Board - formed to assist airlines after the Sept. 11, 2001, terrorist attacks - is thought to be in the final stages of evaluating United's application for a $1.6 billion loan guarantee. With the guarantee, United officials say, the Chicago-based company will be able to secure $2 billion in bank loans. That will allow it to emerge from bankruptcy protection later this year."
Wall St. Journal:
"United Airlines' worsening financial prognosis in the face of record fuel prices could jeopardize parent UAL Corp.'s chance of winning $1.6 billion in federal loan guarantees that are crucial to securing the financing needed for the airline to emerge from bankruptcy-court protection. The government panel that has been studying the airline's revised application for aid for the past six months is thought to be close to a decision, according to people familiar with the matter. The three-man board has no timeline and hasn't disclosed when it will rule. Some people with knowledge of the situation describe the board members as skeptical about United's latest business plan, dubious about its ability to shine in a deteriorating industry environment and lacking confidence the airline will be able to repay the loan. United executives say they have been assured the panel has an open mind and the outcome isn't a foregone conclusion."
Denver Post:
"Three men soon will make a decision that could determine the fate of United Airlines and have profound effects on an industry in chronic turmoil. The Air Transportation Stabilization Board - formed to assist airlines after the Sept. 11, 2001, terrorist attacks - is thought to be in the final stages of evaluating United's application for a $1.6 billion loan guarantee. With the guarantee, United officials say, the Chicago-based company will be able to secure $2 billion in bank loans. That will allow it to emerge from bankruptcy protection later this year."
