PPRuNe Forums - View Single Post - UAL to file Chapter 11 this week.....
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Old 21st Jan 2002, 21:33
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Donkey Duke
 
Join Date: Oct 2001
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Tim Melland,

Wait, weren't you the same guy that said Alaska. .and Frontier were going to announce a merger last. .Thursday? Where do you get your info? Anyways.. I wouldn't be surprised if United were going to file. .chapter 11---that would give them the right to break a/c leases, and break contract agreements.. .The one thing everyone else has to worry about is. .HOW LONG United stays in Chap 11. They could pull the rest of the industry down with them---lowering fares to bring in any money needed for their short term debts, and the others would have to follow suit. I know Delta is pushing for legislation limiting the amount of time an airline. .can "Hold" in the bankruptcy holding pattern.. .Regardless, I don't think United would ever "die"---it will eventually rebound---but by that time the US Majors will consist of Comair, ACA, Skywest, Southwest, and Airtran.

Thanks. Donkey Duke <img src="cool.gif" border="0"> <img src="cool.gif" border="0">
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