BoeingBoy
Veteran
- Nov 9, 2003
- 16,512
- 5,865
From a Forbe's article:
Most analysts, however, suspect that United's latest application will be rejected, leading to a loss of big bank loans and forcing Chief Executive Glenn Tilton to search for up to $2 billion in private capital.
Such an amount narrows the number of possible lenders. Two of the most-often mentioned, David Bonderman's Texas Pacific Group and David Bronner's Retirement Systems of Alabama, are likely out.
A source close to Texas Pacific Group says there is little current interest in a United investment.
Bronner, who heads the pension fund that injected $240 million into US Airways (nasdaq: UAIR - news - people ) to get that carrier out of bankruptcy in March 2003, says he's staying out of this one as well.
-----------
The entire article is here
Jim
Most analysts, however, suspect that United's latest application will be rejected, leading to a loss of big bank loans and forcing Chief Executive Glenn Tilton to search for up to $2 billion in private capital.
Such an amount narrows the number of possible lenders. Two of the most-often mentioned, David Bonderman's Texas Pacific Group and David Bronner's Retirement Systems of Alabama, are likely out.
A source close to Texas Pacific Group says there is little current interest in a United investment.
Bronner, who heads the pension fund that injected $240 million into US Airways (nasdaq: UAIR - news - people ) to get that carrier out of bankruptcy in March 2003, says he's staying out of this one as well.
-----------
The entire article is here
Jim