UAL Officials Confer With Bankers: UAL Corp....
From Times Staff and Wire Reports
UAL Officials Confer With Bankers: UAL Corp. executives met with Japanese bankers to find out why lenders wouldn’t finance the failed $6.75-billion employee buyout of the parent of United Airlines. The discussions suggest that the employee group, led by Chairman Stephen M. Wolf, might be exploring an new offer for the firm. Meanwhile, United Airlines told its pilots union that it is bound by federal law to fly two new Boeing 747-400 jumbo jets, but the pilots say unless they have a new contract by Nov. 22, those planes will be grounded.
