Glenn Tilton
Glenn Tilton
Glenn Tiltonwas Midwest Chairman and a member of the Executive Committee, at JP Morgan Chase, a position he has held from June 6, 2011 to 2014. Tilton was formerly non-executive Chairman of United Continental Holdings Inc.,, the parent company of United Air Lines, Inc. and Continental Airlines, Inc. as of October 1, 2010. Tilton was formerly Chairman, President, and CEO of UAL Corporation from 2002-2010...
chapter consider filing nobody
At this point, nobody should consider a Chapter 11 filing inevitable.
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We have been preparing for a Chapter 11 filing for months, and we are ready if we decide that's the best course for the company.
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Today marks a new chapter for United, and it starts from a renewed position of strength.
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We look forward to competing with Southwest, as we do in other cities, ... a reminder that our challenges will not cease the day we exit Chapter 11.
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We are pleased to have received this support for our Plan from our creditors. These results validate our efforts to develop an exit plan that is in the best interests of all of our stakeholders and maintains our strong momentum toward emerging from Chapter 11 in February.
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Chapter 11 does not mean United is going out of business. In fact it means the opposite,
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This is a huge step in enabling this airline to emerge from Chapter 11 as a stronger, more competitive company,
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Without a coherent U.S. aviation policy that reverses the bias against airline size and removes the barriers that prevent us from constructive consolidation, U.S. carriers will be unable to compete on a global scale and we risk being marginalized,
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We also recognize that there is work where we at United do not have an advantage. That work is performed for us by vendors in the U.S., Korea and other countries, now including China.
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We've put ourselves in a position to be able to compete with the effect of high oil prices in 2006. I'm confident that the work that we've done will put us in a position to have a competitive result whatever the market environment may be.
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We are very excited by this historic opportunity to be the first U.S. carrier to provide direct service to Vietnam in almost 30 years.
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We have achieved a great deal in our restructuring to reposition this company and build upon our assets, an unrivalled global network and our dedicated employees.
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much stronger position to seize growth opportunities as we move forward.
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So far, the pressure is not that great. It's sort of ringing the bell for us. We've learned to compete effectively with Frontier, and we'll do the same with Southwest.