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Although United Air Lines Inc. has scored a major victory in its bid to reorganize by winning court approval to terminate its pension plans, the airline still must secure billions of dollars in financing and calm irate labor groups before completing the company's long stay in Chapter 11. Industry sources say the airline has been in contact with creditors, private equity firms and even some foreign airline partners in a bid to drum up an estimated $2 billion to $2.5 billion.
May 16, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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