Boeing Responds to United Bankruptcy Chicago, December 9, 2002 =96 Boeing Capital will work closely with = United=20 Airlines and its bankruptcy trustee to determine what will happen in the=20= aftermath of the airline filing for Chapter 11 bankruptcy protection,=20 said President Jim Palmer. =93We are obviously concerned by United=92s decision to file for = bankruptcy,=20 but have been well aware of the possibility,=94 he said. Boeing Capital has approximately $1.3 billion in financings to United in=20= its $11.5 billion portfolio. Palmer said that the total amount is=20 secured by collateral, primarily 777-200ERs that have delivered in the=20= past three years. Outcomes under bankruptcy reorganization can vary widely, Palmer said.=20= Under U.S. bankruptcy laws, the airline has 60 days to notify Boeing=20 Capital whether it intends to continue performing under the terms of=20 existing agreements, or Boeing Capital may recover the airplanes.=20 Alternately, the airline may request that the terms of the existing=20 agreements be renegotiated and restructured. =93Any decisions that are made and actions that are taken will consider=20= the best interests of all Boeing stakeholders,=94 said Palmer. -- David Mueller / HNL dmueller7@lycos.com http://www.quanterium.com