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...
business compete enable exit far financing full plan support viable
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.
financial foundation plan reflects united
The Plan of Reorganization reflects the financial foundation of the much stronger, much more competitive United that we have built,
best chapter develop efforts emerging exit interests momentum plan pleased received results strong support toward validate
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.
aggressive compete cost create durable opportunity plan revenue rules structure succeed work
Our plan will have to be more aggressive than it was out of court. We will need more cost savings. Work rules will have to be on the table. We have to take this opportunity to create a different and durable cost structure that allows us to compete and succeed in a different revenue environment.
advantage clear compete enterprise financial foundation full leadership leverage opportunity plan strong united validation work
The confirmation of our plan is a clear validation of the work we have done to make United a sustainable enterprise with a strong financial and operational foundation. We will leverage that foundation to take full advantage of the opportunity we have to compete for leadership in the U.S. and worldwide.
forward steps transform work
important steps forward as we work to transform United.
beginning continuous draw experience external image internal knocking visual
If I were able to draw a visual image of the beginning (of bankruptcy) to today, it would be one continuous experience of knocking down internal and external barriers.
I have not been able to see it.
aviation change compete emerging environment global industry less matter none position strong transforms united
No matter how well United or any U.S. carrier transforms its business, none of us will be as strong as we should be ? much less in a position to compete in the emerging global aviation industry ? if there's no change to the regulatory environment in which we operate,
achieved build company deal dedicated global great network
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.
clear cost given overall quarter reduction reporting results
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.
almost direct excited historic opportunity provide service vietnam
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.
compete confident effect environment high market oil ourselves position prices result whatever work
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.
chapter consider filing nobody
At this point, nobody should consider a Chapter 11 filing inevitable.