United rescue plan agreed by creditors
Creditors of United Airlines have voted to approve the carrier’s reorganisation plan, further raising hopes that it may emerge from Chapter 11 bankruptcy early this year.
The plan will be confirmed at a US Bankruptcy Court hearing on January 18.
United chief executive Glenn Tilton said: “These results validate our efforts to develop an exit plan that is in the best interests of all of our stakeholders and maintains our strong momentum toward emerging from Chapter 11 in February.”
The financial reorganisation has seen cuts of $7 billion from renegotiated aircraft leases and 20,000 job cuts.
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.































Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025