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United Close To Agreement On Tax Refund  
User currently offlineN777UA From United States of America, joined Mar 2010, 0 posts, RR: 0
Posted (13 years 2 months 1 week 4 days 19 hours ago) and read 3280 times:

(Reuters) — An attorney for bankrupt United Airlines said on Friday the airline is close to an agreement with the federal government about overpayment and refund of taxes that should result in a $360-million refund soon.
United is still in discussions with the U.S. Department of Justice and the Internal Revenue Service but is "very close to a settlement" on the matter, attorney Marc Kieselstein said.

Kieselstein noted that receipt of the cash would be a huge benefit for the No. 2 U.S. airline given the current state of the industry amid the Iraq war.

United, a unit of UAL Corp., filed the largest-ever airline bankruptcy in December.

1 replies: All unread, jump to last
User currently offlineMattnrsa From United States of America, joined Dec 2002, 431 posts, RR: 2
Reply 1, posted (13 years 2 months 1 week 4 days 7 hours ago) and read 3218 times:

Great news! This would definitely come at a crucial time for UA.

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