United Airlines Set to File Reorganization Plan; the Company Plans to Submit Its Formal Road Map for Exiting Bankruptcy

Summary

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CHICAGO (AP) - In a court filing, United Airline's parent company, Elk Grove Village-based UAL Corp., detailed its timeline for filing the documents that will form the blueprint for its emergence from 2 years of Chapter 11 bankruptcy protection.

United said it planned to submit around Aug. 1 two key documents that will spell out how it will settle claims with lenders and other parties and detail its future business model.

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United Airlines Set to File Reorganization Plan; the Company Plans to Submit Its Formal Road Map for Exiting Bankruptcy

"Today's filing represents perhaps the most significant step forward in our restructuring...

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