Qantas744er
Posts: 1152
Joined: Sat Jun 04, 2005 4:36 am

UA To Exit Bankruptcy When?

Sat Mar 25, 2006 3:05 am

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  Smile

Teel me your opinions, but no UA bashing please.

Cheers leo
Happiness is V1 in Lagos
 
727LOVER
Posts: 6652
Joined: Tue Oct 09, 2001 12:22 am

RE: UA To Exit Bankruptcy When?

Sat Mar 25, 2006 3:07 am

They exited ch 11 in early February
Love Trumps Hate
 
Qantas744er
Posts: 1152
Joined: Sat Jun 04, 2005 4:36 am

RE: UA To Exit Bankruptcy When?

Sat Mar 25, 2006 3:10 am

Oh im sorry I cant believe i didnt read this!
So how are they doing now?


Cheers Leo
Happiness is V1 in Lagos
 
Dtw757
Posts: 1270
Joined: Mon Oct 06, 2003 10:05 am

RE: UA To Exit Bankruptcy When?

Sat Mar 25, 2006 3:18 am

Quoting Qantas744ER (Reply 2):
So how are they doing now?

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!
721,2,732,3,4,5,G,8,9,741,2,3,4,752,3,762,3,4,772,3,788,D93,5,M80,D10,M11,L10,100,AB6,319,20,21,332,3,346,388,146,CR2,7,
 
terryb99
Posts: 163
Joined: Sat Sep 04, 2004 3:35 am

RE: UA To Exit Bankruptcy When?

Sat Mar 25, 2006 3:25 am

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.

Terry