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Article: United Airlines Works on Changes to Its Proposal for Loan Guarantee.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- June 22, 2004
CopyrightCOPYRIGHT 2004 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Melissa Allison, Chicago Tribune Knight Ridder/Tribune Business News
Jun. 22--United Airlines hopes to receive a conditional loan guarantee from the federal government this week that could be about $500 million less than the carrier had been seeking.
The Air Transportation Stabilization Board rejected United's bid for a $1.6 billion loan guarantee last week, but agencies for two of the board's three voting members said they would reconsider the airline's request if provided with additional information.
The nation's second-largest carrier is working to submit proposed modifications to the loan terms, but declined to provide details ...