Court Awards United Two More Months to Plan Reorganization

Deseret News (Salt Lake City) › June 20, 2005

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Summary

CHICAGO -- A federal bankruptcy judge on Friday agreed to give United Airlines two more months to submit a reorganization plan without competition from outside investors, despite objections from some creditors.

Bankruptcy Judge Eugene Wedoff said the extension of exclusivity "would improve rather than detract from the potential for a successful reorganization" of the nation's No. 2 airline, which has been in Chapter 11 bankruptcy for 2 1/2 years.

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Extract

Court Awards United Two More Months to Plan Reorganization

Attorneys for two banks that hold more than $2 billion in United debt s...

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