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United Airlines faces likely bankruptcy as mechanics reject offer
United Airlines emails urgent talks after mechanics vote against a $600 wage-cut plan, fueling doubts over $2 billion private loans and a $1.8 billion federal loan guarantee. Analysts say bankruptcy under Chapter 11 appears likely unless swift concessions are reached.
MENTIONED IN THIS ARTICLE
Chicago
United Airlines
Wall Street
United
UAL Corp
URL
Philip Baggaley
Standard & Poor's
O'Hare International
Mechanics Union
Jeff Green
US Airways