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2 Rumors About UA And Ch. 11  
User currently offlineFA4UA From United States of America, joined Nov 2003, 812 posts, RR: 20
Posted (10 years 2 months 3 weeks 2 days 17 hours ago) and read 2573 times:

I was speaking with a UA pilot yesterday about weird rumors floating around our system and he had two I hadn't heard before:

1) Exit from Chapter 11 will happen in a matter of weeks rather then months. He said to expect a suprise "early" exit instead of a mid to late summer exit.

2) Part of our exit financing will include a portion from Sony.

Thoughts anyone?

I think the first one might happen, but the second sounds like someone got their "wires crossed" about our partnership with Sony Music and thier new online music site. Perhaps a partnership with Sony means robot Flight Attendants and better PTV systems!  Big grin


FA4UA


The debate continues... Starwood or Hyatt... which is better
6 replies: All unread, jump to last
 
User currently offlineN777UA From United States of America, joined Mar 2010, 0 posts, RR: 0
Reply 1, posted (10 years 2 months 3 weeks 2 days 17 hours ago) and read 2483 times:

I could see the first one happening. Tilton said in a recent employee phone message that once the ATSB loan is approved, UAL is essentially free to exit chapter 11.

I'm not sure how that sets with the airliners.net (LCC are the godsend of aviation, network carriers should DIE) crowd, but that's the reality in Elk Grove.


User currently offlineAeroflot777 From Russia, joined Mar 2004, 3006 posts, RR: 27
Reply 2, posted (10 years 2 months 3 weeks 2 days 17 hours ago) and read 2470 times:

This sounds very interesting. Maybe this is the first step to "auto-pilots" taken seriously.  Big grin

User currently offlineOrdpark From United States of America, joined Nov 2003, 574 posts, RR: 1
Reply 3, posted (10 years 2 months 3 weeks 2 days 15 hours ago) and read 2267 times:
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Pilots are always a great souce of rumors.....than again, most employees have heard at least one good rumor...

User currently offlineUal777contrail From , joined Dec 1969, posts, RR:
Reply 4, posted (10 years 2 months 3 weeks 2 days 15 hours ago) and read 2248 times:

I heard UAL is doing much better? Rumor or not I heard it from pilots,F/A's and rampies!!! But those who don the blue of UNITED are in denial.


UAL 777 CONTRAIL


User currently offlineAlpha 1 From , joined Dec 1969, posts, RR:
Reply 5, posted (10 years 2 months 3 weeks 2 days 15 hours ago) and read 2201 times:

The exit won't happen, I believe, until Uncle Sam indicates what is the status of that $1.6 billion UA wants in loan guarantees. I still think UA doesn't have a clue what to do if they dont' get those guarantees.

Interesting speculation, though. I wouldn't bet the farm on it, quite yet.


User currently offlineMariner From New Zealand, joined Nov 2001, 25008 posts, RR: 85
Reply 6, posted (10 years 2 months 3 weeks 2 days 15 hours ago) and read 2142 times:
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Rumor #1 seems odd. If they are planning an earlier exit from bk, why did they ask the bk judge for an extension "beyond June 30" to file their exclusive reorganization plan?

The judge only allowed them until June 30, although they can apply for another extension:


Rumor #2 seems even odder. I understood that they had the non-ATSB part of the exit financing already lined up - and it didn't include Sony.

cheers

mariner



aeternum nauta
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