UAL, Creditors Agree to 30 Day Extension
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United Airlines on Friday said it has  agreed with its creditors' committee to a 30-day extension,  subject to court approval, of the period during which it can  exclusively file a bankruptcy reorganization plan.
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A bankruptcy court judge granted United Airlines another 30-day extension Friday to file its reorganization plan. Judge Eugene Wedoff extended the deadline until Oct. 31 for United to submit
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The union that represents pilots at United Airlines said Friday that it had struck a deal that would allow the airline to terminate the pilots' ailing pension plan.
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US Airways Group Inc.'s (UAIR.O) chairman said employees must agree to &#36;800 million in new wage and benefit cuts within 30 days or the airline might be liquidated, the New York Times said on Thursday, citing an interview with Chairman David Bronner.
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Standard & Poor's on Friday said  ratings on about $30 billion of aircraft-backed debt could be  threatened if creditors lost a legal dispute with bankrupt UAL  Corp. UALAQ.OB unit United Airlines over the right to  repossess aircraft.
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UNITED TECHNOLOGIES (UTC), which has just seven days left to launch a formal bid for Kidde, is likely to ask the Takeover Panel for a deadline extension, after raising its offer by Â£42 million to Â£1.39 billion yesterday.
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UAL Corp. on Monday won court approval  for wage cuts for United Airlines' pilots and flight attendants  worth $311 million annually, clearing a hurdle in its bid to  exit bankruptcy protection by the year-end.  The rulings by U.S. Bankruptcy Court Judge Eugene Wedoff move  United UALAQ.OB a step closer to achieving $725 million  in  annual labor savings it says it needs to exit Chapter 11.
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US Airways Group Inc.&#39;s (UAIR.O: Quote, Profile, Research) chairman said employees must agree to $800 million in new wage and benefit cuts within 30 days or the airline might be liquidated, the New York Times said on Thursday, citing ...
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US Airways Group Inc. UAIRQ.OB has  given its machinists, flight attendants and ground workers  until the middle of November to reach long-term concession  agreements or the bankrupt airline will seek court approval to  throw out their contracts, court documents show.
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LONDON  - British Airways and union leaders said Saturday they had agreed a three year pay deal for check-in staff and baggage handlers and that strike action had been suspended.
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United Airlines has begun reaching out to potential lenders for financing to leave bankruptcy, the company said on Friday. The UAL Corp.
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UAL Corp.'s UALAQ.OB United Airlines  on Friday said it has agreed with its creditors committee to a  30-day extension on the period in which it can file an  exclusive bankruptcy reorganization plan.
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A U.S. bankruptcy court judge on Friday  approved a 30-day exclusivity extension for United Airlines,  giving the carrier another month to file its own reorganization  plan without competing plans from creditors.
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The pilots and flight attendants at bankrupt UAL Corp. on Monday ratified wage-cut deals worth &#36;311 million annually to United Airlines, possibly moving the carrier closer to a Chapter 11 exit.
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The United Steelworkers and Michelin   on Sunday agreed to a second contract extension, this  time for 48 hours, while they negotiate a new deal for 4,000  hourly workers at three U.S. tire plants.
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The United Auto Workers union extended its contract with General Motors Corp. on an "hour-to-hour" basis on Saturday as the two sides continued labor talks beyond a Friday deadline.
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Troubled airline US Airways reaches agreement on a financial package with its biggest creditor but faces a possible strike by flight attendants.