Greetings:
It looks more and more that UAL is going to file for Chap 11 the first week of Dec. The latest news is that UAL is looking for 2 billion in DIP funding. If they do file and get the 2 billion in DIP funding it will be one of the largest bankruptcy loans ever given to a company. With UAL looking for loans from every which direction how do they plan on paying them off is my question? Their still well over a billion short from closing their funding gap.
At this point I wouldn't be suprised to see them sell off or shut down major parts of thier route structure and fleet and become a much smaller airline. I truly hope everything works out for them. We don't need almost 100,000 more people out of work.
Regards
Tom
It looks more and more that UAL is going to file for Chap 11 the first week of Dec. The latest news is that UAL is looking for 2 billion in DIP funding. If they do file and get the 2 billion in DIP funding it will be one of the largest bankruptcy loans ever given to a company. With UAL looking for loans from every which direction how do they plan on paying them off is my question? Their still well over a billion short from closing their funding gap.
At this point I wouldn't be suprised to see them sell off or shut down major parts of thier route structure and fleet and become a much smaller airline. I truly hope everything works out for them. We don't need almost 100,000 more people out of work.
Regards
Tom
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