Regarding the upcoming showdown with Iraq... if Uncle Sam activates the CRAF, will UAL benefit enough with the gubment contracts to stay afloat? Bankruptcy seems awfully imminent. In fact, one industry analyst said it's a certainty at this point.
IF,and it is a big IF, UAL declares bankruptcy it will chapter 11 and not 7.. Under reorganization, UAL will continue to fly and if needed will fly CRAF to wherever. Govt contracts aren't gonna prevent a bankruptcy and the absence of such contracts won't cause one.
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