Qantas744ER From United States of America, joined Jun 2005, 1288 posts, RR: 4 Posted (8 years 5 months 1 day 6 hours ago) and read 2380 times:
Hey, i really love UA, and i fly them alot to the US, but when will they finally be able to exit bankruptcy? Do you think the airline will once be a great airline to fly again? I really wish them the best
Well probably pretty good once they walked away from their previous stock holders which includes many employees and other investors. First thing they did was to issue themselves a new stock and give the management team a good bunch of it. To the rest of the UAL stockholders....adios suckers!
Terryb99 From United States of America, joined Sep 2004, 291 posts, RR: 0
Reply 4, posted (8 years 5 months 1 day 5 hours ago) and read 2312 times:
My company sells UAL aircraft parts. We watched them very carefully up until they filed, and only had to write off about 12,000 in receivables after their filing.
Yesterday we receieved a check for about 1800, or 15%, as our share of the settlement.
Bigger vendors, owed much more, received cash and shares.