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United Airlines' deal to reduce its debt has been approved

New York, Usa -The carrier will benefìt of 75 percent reduction

A Federal judge of the bankruptcy court which is following the case of the US carrier United Airlines approved a deal which will allow the airline to cut its obligation to pay USD 600m of Chicago O’Hare Airport debt by 75 percent. According to the terms of the agreement United will save USD 450m. "We’re pleased to have reached a fair and reasonable settlement with the O’Hare bondholders and trustees that...

AVIONEWS - World Aeronautical Press Agency - 114428
Rome, Italy, 02/16/2005 18:29
AVIONEWS - World Aeronautical Press Agency

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