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Unions on board, UAL Corp. eyes bankruptcy exit strategy.

Publication: Business Travel News
Publication Date: 06-JUN-05 		Format: Online - approximately 509 words
Delivery: Immediate Online Access

Article Excerpt
Bankrupt UAL Corp., the parent of United Airlines, nearly has cleared one of the larger hurdles that had been blocking its path to reorganization now that all labor unions have agreed to the latest round of concessions.

Last week, the Aircraft Mechanics Fraternal Association announced its membership had ratified a new tentative deal, while the International Association of Machinists and Aerospace Workers and UAL reached an eleventh-hour agreement averting a trial in bankruptcy court. Both...

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