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UAL suspends dividend and interest payments
Chicago, Usa - To preserve cash and avoid a bankruptcy filing
The UAL Corporation, parent of United Airlines, will defer USD 5m in dividend and interest payments due on preferred securities as the airline seeks to preserve cash and avoid a bankruptcy filing. The airline has said it may have to file for bankruptcy protection if it cannot get concessions from workers, lower costs and win a loan guarantee from the federal government. United had a loss of USD 850m...
AVIONEWS - World Aeronautical Press Agency - 34108
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency