UAL Corp. Seeks Bankruptcy Exit Financing
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United Airlines UALAQ.OB has begun  reaching out to potential lenders for financing to leave  bankruptcy, the company said on Friday.
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United Airlines is expected to ask a bankruptcy judge to let it extract new concessions worth &#36;725 million a year from employees as it seeks to reorganize, the Wall Street Journal reported on Friday, citing unnamed sources.
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Cash-strapped United Airlines said in a bankruptcy court filing today that it "likely" will be necessary to terminate and replace its employee pension plans.
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The chief executive of United Airlines  said he expects the carrier to emerge from bankruptcy in the  autumn, the Chicago Tribune reported in its Sunday edition.
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A federal bankruptcy judge on Friday agreed to consider a motion by United Airlines to cancel its union contracts to save USD$725 million a year.
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Flight attendants at UAL Corp., parent of bankrupt United Airlines, authorized their union to call for strike activities if the carrier terminates their collective bargaining agreements, the union said on Thursday.
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CHICAGO Sept. 17, 2004 - Struggling to put together a new bankruptcy exit plan, United Airlines said Friday it is in talks with its unions about the need for an additional $500 million in cost cuts.
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United Airlines parent UAL Corp. will  need about $500 million more in annual cost cuts above the $655  million in the works now as well as pension cost savings to  emerge from bankruptcy, the carrier said on Friday.
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UAL Corp. UALAQ.OB, parent of United  Airlines, on Friday said it would lay off up to 825 ramp and  customer service workers as the airline continues its fight to  emerge from bankruptcy.
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The trustee for three United Airlines (UALAQ.OB: Quote, Profile, Research) pension plans filed a motion in bankruptcy court on Tuesday asking that the No.
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UAL Corp.UALAQ.OB, the bankrupt  parent of United Airlines, on Wednesday said it would reduce  U.S. flights and increase capacity on more lucrative  international routes, in keeping with its aggressive  cost-cutting efforts.
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CHICAGO - A federal bankruptcy judge approved United Airlines' amended financing plan Friday, rejecting union arguments that United didn't try hard enough to come up with an alternative that would continue company contributions to employee pension funds.    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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United Airlines is expected to ask a  bankruptcy judge to let it extract new concessions worth $725  million a year from employees as it seeks to reorganize, the  Wall Street Journal reported on Friday, citing unnamed sources.
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United Airlines parent UAL Corp.  UALAQ.OB and the union representing their mechanics reached a  tentative labor deal on Friday that may help the airline win  the cost savings it needs to exit bankruptcy, a UAL attorney  said in bankruptcy court.
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CHICAGO United Airlines officials say they need to cut an additional 500 (m) million dollars in costs to help the carrier fly out of bankruptcy.
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United Airlines said the termination of its four employee pension plans was needed to attract the financing that would allow it to emerge from bankruptcy protection.
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CHICAGO - Cash-strapped United Airlines said in a bankruptcy court filing Thursday that it "likely" will be necessary to terminate and replace its employee pension plans.    The carrier cited the size of further cost cuts and the need to find bankruptcy-exit financing as reasons for such a drastic move...