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Independent Firm To Review UA's Plan  
User currently offlineFriendlySkies From United States of America, joined Aug 2004, 4120 posts, RR: 5
Posted (10 years 1 month 6 days 4 hours ago) and read 1717 times:

http://chicagobusiness.com/cgi-bin/news.pl?id=14328


(Reuters) — United Airlines sought bankruptcy court approval on Friday to hire an independent firm specializing in corporate restructuring to analyze its business plan.

In return the International Association of Machinists has agreed to drop its motion asking the court in Chicago to appoint a trustee to oversee the No. 2 domestic airline’s management of its Chapter 11 case.

United, which wants to hire Bridge Associates LLC, said that its other stakeholders agree an outside evaluation of its plan would be a productive step.

The company expects the review to take a month.


I think this is definately a step in the right direction. This might be the most logical action UA has taken during this prolonged bankruptcy to date. It also prevents a union trustee from running UA into the ground like some other airlines.



7 replies: All unread, jump to last
 
User currently offlineJoFMO From Germany, joined Jul 2004, 2211 posts, RR: 0
Reply 1, posted (10 years 1 month 6 days 3 hours ago) and read 1690 times:

Sounds no bad.

But how independent are they if you pay them for reviewing your documents?


User currently offlineFriendlySkies From United States of America, joined Aug 2004, 4120 posts, RR: 5
Reply 2, posted (10 years 1 month 6 days 3 hours ago) and read 1687 times:

But how independent are they if you pay them for reviewing your documents?

More independent than UA doing it themselves.  Big grin


User currently offlineBaw2198 From United States of America, joined Dec 2003, 637 posts, RR: 4
Reply 3, posted (10 years 1 month 6 days 3 hours ago) and read 1673 times:

Has there been any word on what their plan of attack is for restructuring? Also how many "buses" are left to take delivery on?


"And remember, Keep your stick on the ice"--->Red Green
User currently offlineUal777contrail From , joined Dec 1969, posts, RR:
Reply 4, posted (10 years 1 month 6 days ago) and read 1545 times:

Mark my words, UAL will be the strongest carrier in 2 or 3 years. They are making strides and changes that no other carrier is doing. DL will be BK soon, US will most likely survive but smaller, and UAL will grow.


UAL 777 CONTRAIL


User currently offlineBicoastal From , joined Dec 1969, posts, RR:
Reply 5, posted (10 years 1 month 5 days 14 hours ago) and read 1426 times:

United needs to somehow encourage its longterm employees to retire. I was on the people mover at Dulles the other day and heard a lot of bitching, moaning and bitterness from rampers about pension problems and pay cuts. I don't blame them, but their attitudes do not bode well for turning the airline around. An airline needs motivated employees with good work ethics. I feel sorry for them but the industry has changed. Either they put up and shut up or move on to retirement and/or another job.


User currently offlineKlwright69 From Saudi Arabia, joined Jan 2000, 2080 posts, RR: 3
Reply 6, posted (10 years 1 month 5 days 4 hours ago) and read 1297 times:

Open message to UAL777contrail.........

In the past, I have criticized your posts (with valid reason). But after reading your post in this thread, my hat is really off to you for your unshakeable confidence and pride in UA. I believe you ought to have some UA VP read your posts and see if you can get a position "rallying the troops" and boosting morale at UA. Although I have never met you in person, you seem cut out for the role.

It is that same kind of VISION and "can-do" attitude that will make the difference in the face of adversity!!


User currently offlineFriendlySkies From United States of America, joined Aug 2004, 4120 posts, RR: 5
Reply 7, posted (10 years 1 month 5 days 2 hours ago) and read 1257 times:

I completely agree with klwright69. That's why ual777contrail is on my RU list. Big grin

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