Before today, of the 166 airline bankruptcy filings since 1978, only two passenger carriers have successfully restructured and exited as viable businesses. That will soon change to three.
More Quotes from Glenn Tilton:
The fact that we have proposals for up to 3 billion in exit financing from four of the most prestigious financial institutions in the world is solid confirmation of the work that we have done together, and most importantly, of our ability to build on that success in the future,Glenn Tilton
show just how far we have come at United. Our business plan is viable and financeable and has the full support of the banks. This financing will enable us to exit and to compete effectively in this industry.
Glenn Tilton
While no one underestimates the magnitude of the challenge, we are making good progress on our financial recovery program, ... We continue to work vigorously with all of our unions and other parties to achieve our number one goal restoring the financial health of this airline without the necessity of an in-court process.
Glenn Tilton
United is a fundamentally better company today, with sustainable improvements across the business and solid operational performance,
Glenn Tilton
United has made fundamental and sustainable improvements in our operations, cost structure and revenue strategy.
Glenn Tilton
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