Associated Press
United Seeks 2-Week Labor Extension
Pilots Union Says United Airlines CEO Seeking 2-Week Labor Extension
Tuesday September 10, 3:34 pm ET
By DAVE CARPENTER, AP Business Writer
CHICAGO (AP) -- United Airlines'' new chief executive wants to push back to the end of September the Monday deadline set by his predecessor for reaching critically needed labor agreements, according to the pilots union.
Glenn Tilton told the pilots he would ask the Air Transportation Stabilization Board for an additional two weeks to amend United''s application for a $1.8 billion government loan guarantee, union spokesman Herb Hunter said Tuesday.
Such an extension could push back until Sept. 30 the deadline for unions of the employee-owned airline to agree to a financial recovery plan.
United spokesman Joe Hopkins declined to discuss the carrier''s dealings with the federal board but noted that Tilton had confirmed publicly last week that he might seek an extension.
A spokeswoman for the Air Transportation Stabilization Board declined comment Tuesday.
Under newly retired CEO Jack Creighton, United last month said it needed $1.5 billion in annual labor cost reductions to obtain the loan guarantee and avoid a Chapter 11 bankruptcy filing.
Unions think that amount is excessive and have been working on their own proposal.
With the fate of the nation''s No. 2 airline at stake, the federal board
United Seeks 2-Week Labor Extension
Pilots Union Says United Airlines CEO Seeking 2-Week Labor Extension
Tuesday September 10, 3:34 pm ET
By DAVE CARPENTER, AP Business Writer
CHICAGO (AP) -- United Airlines'' new chief executive wants to push back to the end of September the Monday deadline set by his predecessor for reaching critically needed labor agreements, according to the pilots union.
Glenn Tilton told the pilots he would ask the Air Transportation Stabilization Board for an additional two weeks to amend United''s application for a $1.8 billion government loan guarantee, union spokesman Herb Hunter said Tuesday.
Such an extension could push back until Sept. 30 the deadline for unions of the employee-owned airline to agree to a financial recovery plan.
United spokesman Joe Hopkins declined to discuss the carrier''s dealings with the federal board but noted that Tilton had confirmed publicly last week that he might seek an extension.
A spokeswoman for the Air Transportation Stabilization Board declined comment Tuesday.
Under newly retired CEO Jack Creighton, United last month said it needed $1.5 billion in annual labor cost reductions to obtain the loan guarantee and avoid a Chapter 11 bankruptcy filing.
Unions think that amount is excessive and have been working on their own proposal.
With the fate of the nation''s No. 2 airline at stake, the federal board