watewate
Posts: 2216
Joined: Sun Nov 12, 2000 6:00 am

UA Still Plans To Launch Business Jet Unit

Tue Oct 02, 2001 11:08 pm

"...at the same time United Airlines was telling Congress two weeks ago that it might go bankrupt without a bailout, UAL was wiring $11.25 million to a French airplane manufacturer as a down-payment on an order for 30 business jets. The luxury jets were built by Dassault Aviation at a cost of about $20 million apiece, the newspaper reported."

If I were one of the laid of UA employees, I'd be pretty pissed.
 
watewate
Posts: 2216
Joined: Sun Nov 12, 2000 6:00 am

RE: UA Still Plans To Launch Business Jet Unit

Tue Oct 02, 2001 11:09 pm

 
Guest

RE: UA Still Plans To Launch Business Jet Unit

Tue Oct 02, 2001 11:21 pm

Either United is extremly dumb or there trying to pull a fast one on the Govt' to try and get some free money. Although it does seems sorta smart cause buisness keeps on going and most buisness men and women fly alot and will fly no matter what happens cause they have too.. Just my thoughts

Eric
 
mt99
Posts: 6166
Joined: Wed May 26, 1999 5:41 am

RE: UA Still Plans To Launch Business Jet Unit

Tue Oct 02, 2001 11:33 pm

I think it may be a good business decition on their part... CEO/CFO will probably feel more safe in a small jet with other CEO/CFO instead with a lot of people that they dont know.. and may be willing to pay a premium for that.. after all they have to travel!
Step into my office, baby
 
VirginA340
Posts: 2556
Joined: Sun Jul 17, 2005 12:35 pm

RE: UA Still Plans To Launch Business Jet Unit

Tue Oct 02, 2001 11:41 pm

Goodwin and Dutta are the worst since Lorenzo and Borman. They need to lay off the bad crack. If I had happen to work for them I'd be taking early retirement. Their popularity is equal to Ichan after he sold TWA's LHR authority.
"FUIMUS"
 
LoneStarMike
Posts: 2802
Joined: Sat Jul 01, 2000 1:02 pm

RE: UA Still Plans To Launch Business Jet Unit

Wed Oct 03, 2001 6:05 am

Another possibility could be that maybe UA had already signed a contract with the manufacturer before the events of September 11 and couldn't get out of it.

LoneStarMike

 
Guest

RE: UA Still Plans To Launch Business Jet Unit

Wed Oct 03, 2001 6:07 am

Either United is extremly dumb or there trying to pull a fast one on the Govt' to try and get some free money.

Why is this an EITHER/OR proposition???

Personally, I'd say its a little bit of both.
 
flashmeister
Posts: 2671
Joined: Fri Apr 28, 2000 4:32 am

RE: UA Still Plans To Launch Business Jet Unit

Wed Oct 03, 2001 7:01 am

Didn't UA agree to buy a bunch of jets already for this unit (Dornier I think)??

There have also been lots of reports of increases in people taking flying lessons to avoid flying commercial...