September 2009

United Airlines (UAL):  When United filed for bankruptcy protection in December 2002 with debts totaling $4B it, lessors paid a heavy price.

United Bankruptcy cost: Ch11 reorganization is costing banks & lessors $850M annual based on restructured leases and mortgages on approximately 450 aircraft.

United Bankruptcy cost: Ch11 reorganization is costing bondholders $1.7B in restructured municipal bond obligations.

United Bankruptcy cost: Is costing labor multibillions of dollars in restructured labor and pension agreements.

AviationRegister   E-Xpert Witness Journal

Global developments presenting risks and rewards for the aircraft trading and financing market

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Headline News was last updated: September 30, 2009

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