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Old 12-07-2002, 10:41 PM   #1
JW
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Union says United will file Chapter 11

Union says United will file Chapter 11

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CHICAGO, Illinois (CNN) -- The International Association of Machinists has warned its members at United Airlines that a bankruptcy filing "appears unavoidable and imminent."
-jw
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Old 12-08-2002, 01:04 AM   #2
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I would be surprised if we didn't hear something before Monday night.
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Old 12-09-2002, 04:01 AM   #3
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United Airlines Bankruptcy Expected Monday

United Airlines Bankruptcy Expected Monday

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United Airlines, the world's second-largest airline, early Sunday evening finished up arrangements for $1.5 billion in financing needed to keep flying in bankruptcy, paving the way for a court filing expected Monday, people familiar with the situation said.

The bankruptcy would represent the largest ever in the airline industry, which remains mired in a historic money-losing downturn after the Sept. 11, 2001, attacks.
Good job calling it dbaker
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Old 12-09-2002, 07:42 AM   #4
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United Airlines Files for Chapter 11

United Airlines Files for Chapter 11

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CHICAGO (Reuters) - United Airlines filed for bankruptcy on Monday, becoming the biggest air carrier ever to seek court protection, after a weak economy, high costs and low air fares left the world's No. 2 airline with too much debt and not enough cash.
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