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Bankrupt airlines appear to gain a little ground.

Publication: Business Travel News
Publication Date: 07-FEB-05
Format: Online - approximately 712 words
Delivery: Immediate Online Access

Article Excerpt
Judge Eugene Wedoff last month again gave United Airlines parent UAL Corp. more time to file a bankruptcy reorganization plan before outside parties can offer alternatives.

The United States Bankruptcy Court for the Northern District of Illinois has granted such requests on numerous occasions during UAL's 26-month Chapter 11 case and the company's current management team has until Apr. 30 to either file a new business plan of request even more time. The airline also must deal with an unhappy mechanics union, which last month rejected a tentative collective bargaining agreement and threatened to strike as other major unions ratified their new deals.

United's bankrupt...

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