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Ual, parent of United Airlines, asks for rejecting some labor contracts with its employees
New York, Usa - To the Illinois bankruptcy judge, unless it succeeds to save USD 725m

Ual, a parent of United Airlines, asked the Illinois bankruptcy judge the authorization to reject its labor contracts with its employees unless it succeeds, by January, 2005, to save USD 725m a year. Making its request the carrier underlined that "Urgent financial needs" ask for additional saving and that "These saving are the minimum it needs to secure financing for the time it would emerge from Chapter...
AVIONEWS - World Aeronautical Press Agency - 108649
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency