30 More Days of Exclusivity for UAL OK'd
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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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The pilots and flight attendants at  bankrupt UAL Corp. on Monday ratified wage-cut deals worth $311  million annually to United Airlines, possibly moving the  carrier closer to a Chapter 11 exit.
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The United Auto Workers union extended its contract with General Motors Corp. on an "hour-to-hour" basis on Saturday as the two sides continued labor talks beyond a Friday deadline.
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A U.S. bankruptcy court judge on Friday  approved a 30-day exclusivity extension for United Airlines,  giving the carrier another month to file its own reorganization  plan without competing plans from creditors.
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The government has thrown US Airways (UAIRQ.OB: Quote, Profile, Research) a lifeline until the middle of January, agreeing with key lenders to extend financing the
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Aug. 19 (Bloomberg) -- UAL Corp.&#39;s United Airlines, trying to attract financing to exit bankruptcy, said it probably will terminate and replace all its pension plans.
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United Airlines parent UAL Corp. and leaders of its pilots union have agreed on a deal under which the pilots will not oppose termination of their pension plan but will receive a $550 million note convertible into company stock when the airline emerges from bankruptcy protection.
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A federal bankruptcy judge has given United Airlines a 30-day &quot;test period&quot; to show it can cooperate with its unions on a restructuring plan, rejecting union calls to open the process up to rival proposals immediately because United has not
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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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CHICAGO - UAL Corp.&#39;s United Airlines 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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ALEXANDRIA: US airways has reached a tentative agreement with the union representing more than 5,000 customer service workers, and continued talks with two other big labour groups about steep givebacks to keep the airline flying past January.
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Manchester United&#39;s plc board on Monday confirmed that they have received a &#39;preliminary approach&#39; regarding a &#39;possible offer&#39; for the company.
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CHICAGO - A federal bankruptcy judge has given United Airlines a 30-day "test period" to show it can cooperate with its unions on a restructuring plan, rejecting union calls to open the process up to rival proposals immediately because United has not tried hard enough to preserve employee pensions.    The hearing came a day after the release of court papers in which United warned it "likely" will have to terminate those pension funds in order to secure the loans it needs to emerge from Chapter 11 bankruptcy...
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A bankruptcy court judge on Friday granted United Airlines (UALAQ.OB: Quote, Profile, Research) another 30-day extension to file its reorganization plan.
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UAL (UALAQ.OB:OTC BB - news - research) and US Airways (UAIRQ.OB:OTC BB - news - research) weighed in with hefty third-quarter losses Thursday as industry overcapacity and stratospheric fuel prices continued to generate red ink while the carriers operated
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US Airways Group Inc. UAIRQ.OB has  given its machinists, flight attendants and ground workers  until the middle of November to reach long-term concession  agreements or the bankrupt airline will seek court approval to  throw out their contracts, court documents show.
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The United Auto Workers union agreed to extend its contract with General Motors Corp. on an "hour-to-hour" basis on Saturday as the two sides continued labor talks beyond a Friday deadline.