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...
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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.
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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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With these filings before the court, the countdown has begun, ... We expect to formally exit bankruptcy in early 2006, with a target exit date of February 1st.
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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,
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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 expect to formally exit bankruptcy in early 2006, with a target exit date of February 1st.
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These solid results are evidence of real progress in our work to make United competitive and resilient.
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It would not be the end of United if we were to do so, ... We would be flying the next morning.
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The results we are reporting make it clear that we have done well this quarter in overall cost control, especially given the significant reduction in capacity.
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At this point, nobody should consider a Chapter 11 filing inevitable.
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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 are focusing on the things that we do best, which means growing our business in engines, landing gear, high-tech components, avionics and line maintenance,
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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.
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Should Southwest decide to fly from Denver to every city in their network, they would still only offer 60% of the coverage United offers today, ... We will be delighted to fly you to the 800 destinations they can't.