UAL and Its Creditors Agree to 30-Day Extension
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UAL's United Airlines will have a 30-day extention on the period in which it can file an exclusive bankruptcy reorganization plan.
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Standard & Poor's on Friday said ratings on about &#36;30 billion of aircraft-backed debt could be threatened if creditors lost a legal dispute with bankrupt UAL Corp.  unit United Airlines over the right to repossess aircraft.
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US Airways Group Inc.&#39;s (UAIR.O: Quote, Profile, Research) chairman said employees must agree to $800 million in new wage and benefit cuts within 30 days or the airline might be liquidated, the New York Times said on Thursday, citing ...
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A U.S. bankruptcy court judge on Friday granted United Airlines another 30 days of exclusivity, giving it until the end of September to file its own reorganization plan without competing plans from creditors.
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ALEXANDRIA, Va.  - US Airways UAIRQ.OB reached a  tentative agreement on Thursday with the union representing  more than 5,000 customer service workers, and continued talks  with two other big labor groups about steep givebacks to keep  the airline flying past January.
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UAL Corp. (UALAQ.OB: Quote, Profile, Research) , the bankrupt parent of United Airlines, on Wednesday said it would reduce US flights and increase capacity on more lucrative international
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LONDON British Airways and union leaders said over the weekend that they had agreed to a three-year pay deal for check-in employees and baggage handlers and that a strike scheduled for Friday had been suspended.
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The pilots union at United Airlines on  Tuesday said its negotiators have reached a tentative contract  deal with the bankrupt No. 2 U.S. airline.
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US Airways, which filed for bankruptcy protection in September, on Thursday said it reached agreements with its lenders and lessors that will let it keep flying most of its planes.
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Universal Music Group has secured a 'short extension' allowing them more time to submit their written response to E.U. iTunes anti-trust charges.
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A US bankruptcy court judge approved an agreement yesterday that extends US Airways Group Inc.&#39;s ability to draw on cash from its lenders to fund operations through mid-January.
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UAL Corp.'s UALAQ.OB United Airlines  on Friday said it has agreed with its creditors committee to a  30-day extension on the period in which it can file an  exclusive bankruptcy reorganization plan.
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United Airlines' flight attendants and pilots ratified new contracts yesterday, agreeing to additional givebacks as the struggling carrier tries to emerge from more than two years of bankruptcy.
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The United Steelworkers and Michelin   on Sunday agreed to a second contract extension, this  time for 48 hours, while they negotiate a new deal for 4,000  hourly workers at three U.S. tire plants.
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LONDON  - British Airways and union leaders said Saturday they had agreed a three year pay deal for check-in staff and baggage handlers and that strike action had been suspended.
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The pilots at bankrupt UAL Corp.  UALAQ.OB on Monday ratified a tentative labor deal that will  allow United Airlines to save $180 million annually, a  spokesman for the pilots' union said.
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US Airways Group Inc., operating under bankruptcy protection, reached an agreement with General Electric Co., its largest creditor, that provides the airline $140 million in funds and defers lease payments on planes.