Bankruptcy gets you a number of tools you can use to improve your financial situation, ... We don't think there are any more tools we can use.
More Quotes from Jake Brace:
The work we have done significantly improves United's ability to compete with the best U. S. airlines,Jake Brace
We didn't think it would be 50 every year of the business plan. Clearly, in 2006 it's not going to be 50.
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This validates our business plan and demonstrates that despite the fact that the industry environment has gotten tougher, the United business plan can attract even more all-debt exit financing than it could last winter.
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We took the view early in the case that we were going to take full advantage of every opportunity that bankruptcy gives us to fix our situation, and we have done just that. We also took advantage of all of the opportunities to save costs that aren't necessary, enabled by the bankruptcy process.
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We don't see the industry has reached equilibrium yet.
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Ajay has been involved for a number of years in projects to improve our utilization of resources across the company, which made him a natural choice for the corporate real estate position. He will bring his expertise in technology, operations and process improvement to a whole slate of high- profile projects to improve and consolidate our facilities around the world.
Jake Brace
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