United Airlines parent UAL Corp. said it largely has "completed its aircraft restructuring effort," saving it approximately $300 million annually. The contractual savings associated with the agreement-in-principle reached with the Public Debt Group, which controlled 105 United aircraft, is subject to approval by the bankruptcy court. When coupled with previous restructurings, UAL said it will result in the company reducing its fleet costs by approximately $850 million in average annual ...

Subscribe to Access this Entire Article

"UAL reaches agreement with major aircraft creditor group" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.