US' Alliance Partner: United CEO says airline faces critical week

[Black Wind]

[blockquote]
----------------
On 10/25/2002 642 PM chipmunn wrote:


[FONT face="Times New Roman" size=3]Black Wind, you seem to take pleasure at taking shots at people or "shooting the messenger", since you are union protected do you have the courage to honestly identify yourself? [/FONT][/P]

why? you going to meet me at dawn with your second?








[FONT face="Times New Roman" size=3]Chip[/FONT][/P]
----------------
[/blockquote]

 

[chipmunn]

[P][FONT face=Times New Roman size=3]Black Wind, you seem to take pleasure at taking shots at people or shooting the messenger, since you are union protected do you have the courage to honestly identify yourself? [/FONT][/P]
[P][FONT face=Times New Roman size=3]Chip[/FONT][/P]

 

[chipmunn]

[P align=center][STRONG][FONT face=Times New Roman size=3]October 25, 2002[/FONT][/STRONG][BR][BR]
[P align=left][STRONG][FONT face=Times New Roman size=3]THE UNITED AIRLINES MEMBERSHIP AFFILIATED WITH DISTRICT 141-M[/FONT][/STRONG][/P][STRONG][FONT face=Times New Roman size=3][/FONT][/STRONG]
[P align=left][BR][FONT face=Times New Roman size=3]Dear Sisters and Brothers;[/FONT][/P]
[P align=left][FONT face=Times New Roman size=3]There have been no meetings with representatives of United Airlines and your Committee this past week, although discussions have taken place via telephone. We still have issues to resolve and have not reached agreement as to our level of participation in the UAL Recovery.[/FONT][/P]
[P align=left][FONT face=Times New Roman size=3]Meanwhile the news does not get any better. A 900 million dollar third quarter loss, with a prediction that fourth quarter losses, could be even greater; announcements of more furloughs and closing of reservation centers.[/FONT][/P]
[P align=left][FONT face=Times New Roman size=3]Also, by now you are aware of the announcement that State Street Bank and Trust has began selling some of IAM and ALPA’s ESOP shares. Many questions are being generated and the ESOP Committee is developing answers to those many questions. I have been advised by the ESOP attorneys that this action was taken to protect us in the event of a UAL bankruptcy, and was a fiduciary responsibility of State Street and legal in every way.[/FONT][/P]
[P align=left][FONT face=Times New Roman size=3]We have agreed to participate in a joint effort with all United employees and the UAL Labor Coalition to encourage the Air Transportation Stabilization Board (ATSB) to approve the loan guarantee application and avoid a bankruptcy filing by UAL. Information is provided and each of you is asked to participate in this very urgent matter.[/FONT][/P]
[P align=left][FONT face=Times New Roman size=3]We will keep you advised to any developments.[/FONT][/P]
[P align=left][FONT face=Times New Roman size=3]Fraternally,[/FONT][/P]
[P align=left][FONT face=Times New Roman size=3]Scotty Ford[BR]President and General Chairman[/FONT][/P]
[P align=left][FONT face=Times New Roman size=3][STRONG]Chip comments: [/STRONG]AON Fiduciaries sold US Airways 401(k) stock without plan participant knowledge immediately before the bankruptcy filing. Meanwhile, how easy is it to obtain a restructuring agreement if the parties do not meet face to face? [STRONG]Where's the urgency?[/STRONG][/FONT][/P]

 

[chipmunn]

[BR][FONT face=Times New Roman][STRONG][FONT size=4]Union Makes Offer to United [!--plsfield:stop--][BR][/FONT][/STRONG]Flight Attendants Say They Would Accept 3.6% Pay Cut [BR][BR][/FONT][A href=http://www.washingtonpost.com/wp-dyn/articles/A19660-2002Oct25.html][FONT face=Times New Roman]http://www.washingtonpost.com/wp-dyn/articles/A19660-2002Oct25.html[/FONT][/A]