Just perusing the recent reports of UAL being given an additional 3 months to file a reorganization plan to the court and the following struck me:
1. Brace said the proposed savings being voted on by employees would fall short of the $725M in annual savings projected as the contracts were for 5 years and not 6.
Where did this come from? I thought all their unions had agreed to give-backs and this concession package. Am I wrong?