|
|
Article: CEO Says United Faces Uncertain Future without Federal Loan Guarantee.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- November 14, 2002
CopyrightCOPYRIGHT 2002 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)
|
By John Schmeltzer, Chicago Tribune Knight Ridder/Tribune Business News
Nov. 14--Without a federal loan guarantee, United Airline's top executive said Wednesday the carrier faces an uncertain future.
Glenn Tilton, in his first interview since taking over as United's chairman and CEO, argued strongly that the carrier has met conditions required for the $1.8 billion federal loan guarantee and will pursue an aggressive lobbying campaign to prove the carrier's case to Congress and regulators.
"A lot of people are predicting our failure and we are working hard to make them wrong," he said. "I'm convinced that there is significant upside in the ...