UnitedChicago
Veteran
- Joined
- Aug 27, 2002
- Messages
- 756
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syncronicity:
while i agree that it's a cause for concern and i have read that the bankers have been turned off by united's approch - this is a monumental undertaking.
there are literally hundreds of parties that have an ownership stake in ua's fleet. it is no easy task to negotiate with each of these stakeholders.
while their approach may or may not be the correct one, i hardly think ua has wasted time. 60 days is just not sufficient to renegotiated with hundreds of stakeholders.
don't forget everything else they have to do as well...like figure out a restructing plan, negotiate with labor, etc.
bankruptcy is no easy task. we'll see what happens today. beginning at 1:30, the court has a full plate of issues.
while i agree that it's a cause for concern and i have read that the bankers have been turned off by united's approch - this is a monumental undertaking.
there are literally hundreds of parties that have an ownership stake in ua's fleet. it is no easy task to negotiate with each of these stakeholders.
while their approach may or may not be the correct one, i hardly think ua has wasted time. 60 days is just not sufficient to renegotiated with hundreds of stakeholders.
don't forget everything else they have to do as well...like figure out a restructing plan, negotiate with labor, etc.
bankruptcy is no easy task. we'll see what happens today. beginning at 1:30, the court has a full plate of issues.