Being able to reach a global, consensual agreement with the creditor's committee prior to confirmation is the goal in any restructuring and is an enormous accomplishment.
More Quotes from Jake Brace:
This is very normal for bankruptcies ... (and) has nothing to do with the operation of the business at all, ... The industry still has a number of challenges, fuel costs chief among them, but we're pleased with our results.Jake Brace
The work we have done significantly improves United's ability to compete with the best U. S. airlines,
Jake Brace
These discussions need to be brought to a quick resolution to achieve our common goal,
Jake Brace
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.
Jake Brace
Our approach is clearly working, as the numbers show. We have substantially improved our financial performance despite dramatic increases in fuel costs over the last 12 months. And United has one of the best operating records in the industry -- in on-time departures, baggage handling, fewest customer complaints and other areas helping us to outpace the industry in unit revenue.
Jake Brace
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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