United Closing in on Special Financing

Rob

Senior
Aug 19, 2002
402
0
This sounds like they're closing in on Chap 11.

People seem to think the ATSB has to say yes or no. What if they say MAYBE, as they did with US Airways? What good would a contingent guarantee do? The cash would be gone before management could figure out how to meet the contingencies and Chap 11 would follow.
 

Rob

Senior
Aug 19, 2002
402
0
This sounds like they're closing in on Chap 11.

People seem to think the ATSB has to say yes or no. What if they say MAYBE, as they did with US Airways? What good would a contingent guarantee do? The cash would be gone before management could figure out how to meet the contingencies and Chap 11 would follow.